Tomorrow afternoon MSCI, one of the world’s largest index providers, will decide whether to include a selection of China’s mainland stock market into its MSCI Indexes, which underpin some of the largest ETFs in the world, including the iShares MSCI Emerging Market ETF (EEM) and the MSCI ACWI Index ETF (ACWI).
It’s a big decision: As I’ve said many times, indexers now rule the world. MSCI has more than $10 trillion of active and passive assets benchmarked against it, with emerging markets alone accounting for $2 trillion.
