MSCI set to add Singaporean rider hailer Grab and 20 other stocks to its primary global index in a quarterly review, according to a report by MSCI on Wednesday.
Eleven securities are set to be removed from MSCI’s ACWI Index, which monitors shares from 23 developed economies and 25 emerging economies. The changes will be implemented from market close on February 28.
MSCI also made adjustments to several other indexes, including the addition of China Mobile to its MSCI China A Onshore index, which measures large-and mid-cap stocks listed in Shanghai and Shenzhen.
China Mobile, which is publicly-listed in Hong Kong, fundraised $7.64 billion in its Shanghai listing the previous month, China’s biggest public share offering in 10 years.
Grab listed on the Nasdaq in December after a $40 billion merger with a special purpose acquisition company.
Other listings to the global index include Irish aircraft leasing company AerCap, which announced last year it would purchase GE’s aircraft leasing unit in a $30B deal.
