MSCI proposes to reclassify Nigeria Index to standalone status

Proshare

Wednesday, June 15, 2016 1:25PM /CardinalStone Research

MSCI Inc. (NYSE: MSCI), a leading provider of global equity indexes, announced today that the MSCI Nigeria Index may be removed from the MSCI Frontier Markets Index and reclassified as a stand-alone market due to capital mobility issues (please see simulated index below). 

Due to the urgent nature of this investability issue in the MSCI Nigeria Index, MSCI will announce its decision on the proposal to remove the MSCI Nigeria Index from the MSCI Frontier Markets Index by the end of September 2016. 
 



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