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By Alexandra Tombra
Shares of National Bank, Alpha Bank, Eurobank and Titan will be included in MSCI’s Small Cap, as the house was removed from the Global Standard.
The changes to the MSCI indices will take effect on June 1, 2020, and until then the passive funds of the index will carry out the necessary restructuring of the portfolio.
It is recalled that, according to the estimates of the Russian VTB Capital, Alpha Bank’s outflows will move to 72 million euros, from the National Bank to 54 million euros and from Titan to 42 million euros. Last week, Société Générale estimated the possible outflows at $ 180-200 million.
According to VTB Capital, MSCI’s calculations of what stocks it will remove and what it will add to its indexes were based on prices between April 17-30.
According to Beta Sec, before the changes, 8 Greek shares participated in MSCI Greece with the following weight (dated 04/30/2020): OTE (29.2%), OPAP (15.9%), Jumbo (15.6%), Eurobank ( 9.6%), Alpha Bank (9.3), MOH (8.2%), NBG (6.8%) and Titan Cement (5.2%).
The subtractions
Additions
