China’s once-isolated stock markets are becoming more relevant to international investors. In the latest shift, MSCI Inc. has given mainland shares more sway in some of its widely tracked indexes. Here’s what’s at stake.
It and other benchmark providers are hugely influential. For example, MSCI reckons more than $1.8 trillion of assets are benchmarked against its emerging-market indexes. And more than $700 billion of exchange-traded funds track MSCI indexes, a sum that has more than doubled...
who the hell is MSCI? Am I supposed to know that?
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