In the Morgan Stanley Capital International (MSCI) Korea Index constituents, Hyundai Engineering & Construction and Samsung Epis Holdings were newly added.
Global index compiler MSCI said on the 10th (local time) that it announced the results of its February regular review and adjusted the Korea Index constituents accordingly. The index rebalancing will take place after the market close on the 27th.
Meanwhile, Coway, Doosan Bobcat and LG H&H were removed from the MSCI index constituents.
The MSCI indexes are among the most influential global stock indexes worldwide and serve as benchmark indexes for global investors. When a stock is added to the index, global passive funds tracking the index may flow in, and when a stock is removed, outflows may occur.
MSCI conducts regular reviews in February, May, August and November each year to adjust index constituents based on total market capitalization and free float market capitalization. Earlier, in November last year, HD Hyndai Marine Solution and APR were added and Orion was removed.
With this adjustment, the number of constituents in the MSCI Korea Index decreased by one, from 82 to 81.