Eric Balchunas, Bloomberg ETF analyst, wrote on X platform that MSCI announced that it has decided to include 42 securities including Microstrategy, Pure Storage, Emcor Group, etc. in the MSCI All Country World Index (MSCI ACWI).
This change is regarded as a major event because the index compiled by Morgan Stanley Capital International (MSCI Inc.) has more than $4 trillion in benchmark assets worldwide and is favored by institutional investors.
The MSCI ACWI index includes stock markets in 23 developed markets and 27 emerging markets around the world, covering a total of approximately more than 3,000 stocks.