MSCI keeps Israel Index in Middle East as trading week not aligned with Europe | Reuters
Global index provider MSCI said it was keeping Israel in its own Middle East category, saying many investors opposed moving Israel to a new region due to differing market trading days.
MSCI in December said it was considering reassigning Israel to a new region, likely Europe, which could open the door to large amounts of passive inflows for the Israeli capital markets. read more
"At this time, market participants are divided on their views of the appropriate regional classification of the MSCI Israel Index for their investment processes, in particular due to the current misalignment of trading days between Israel and European markets," MSCI said.
"For the time being, MSCI has determined that it will retain Israel's regional classification within the Middle East and will continue to engage market participants on the topic regarding any significant market developments."
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