MSCI also confirmed that Morocco will be removed from the emerging markets index and moved to the frontier market status, meaning the iShares MSCI Frontier 100 ETF (NYSEArca: FM) could soon be home to several Moroccan firms, according to the index provider.
MSCI added that 54 securities will be added to the MSCI ACWI Index and 39 will be removed. That index is the underlying index for the $4.6 billion iShares MSCI ACWI ETF (NasdaqGS: ACWI). ACWI held 1,353 stocks as of Wednesday’s close.
iShares MSCI ACWI ETF