MIDF: US Fed’s less aggressive monetary stance positive for emerging currencies
08 May 2019
It said, moreover, the slowing of China’s economy may prompt more stimulus measures, both monetary and fiscal by the local authorities, with positive spillover effects to the broader region. The research house noted that the local bourse would do a MSCI and FBM KLCI indices rebalancing exercise on May 29 and June 6 this year, and this is expected to have significant impact on the trading behaviour among investors.
The need for fund managers, especially the Exchange-Traded Fund which benchmarked MSCI indices to replicate the index constituents, whilst minimising the tracking errors, would result in significant trading activities on the rebalancing day. The FBM KLCI as with the other indices belonging to this index series, will see changes in its constituents, resulting from an index review after the close of markets on June 21.
If the liquidity factor is to be taken consideration on top of adjusted market cap rank, Malaysia Airports Holdings Bhd would be one with the highest possibility of being removed from the list.
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