MSCI Index gives high weightage to investible surplus and float, says Deborah Yang, Head of Index Business, EMEA & India Region, MSCI.
In an interview to CNBC-TV18 Deborah Yang, Head of Index Business, EMEA & India Region, MSCI said MSCI India Index has been one of top performing indices. She further added that the MSCI Index has become a guide for international investors and globally USD 9 trillion worth of money tracks the index. Also, USD 100 billion worth of global money tracks India via MSCI Emerging Market Index.
Also Read: FII selling in cash market a worrying sign, says Nomura
Below is the verbatim transcript of Deborah Yang’s interview with Anuj Singhal and Ekta Batra on CNBC-TV18.
Anuj: I believe MSCI completes 10 years in India and that brings you to India but the question on top of my mind is that we keep talking about the MSCI India index and the kind of money that follows the MSCI India index. Can you quantify what kind of money actually follows MSCI indices and what geographies and what kind of money is riding on some of these MSCI indices?
A: Over USD 9 trillion follow MSCI global indexes and of that amount about USD 1.4 trillion follow MSCI emerging markets. India is actually 7 percent of that weight. So, a USD 100 billion track MSCI India through the emerging market index and that is used by global investors, some domestic investors basically from US, Asia, Europe, all over the world. When investors are looking to invest abroad, they use MSCI indexes as their guide.