Neither the iShares MSCI Emerging Markets ETF (NYSEArca: EEM) nor the iShares MSCI China ETF (NYSEArca: MCHI) currently include shares of Alibaba or Baidu. However, just days before Alibaba’s IPO, MSCI said it was mulling rules changes that could allow for the inclusion of those stocks and other with similar listing structures in its indices. It is expected that if MSCI approves those rule changes, the changes will not go into effect until March. [MSCI Indices Could Make Room for Alibaba]

S&P Dow Jones was the first of the major index providers to allow for the inclusion of Alibaba in its global benchmarks. The index provider made that announcement prior to the Alibaba IPO and the stock has since appeared in ETFs that track S&P indices such as the $1 billion SPDR S&P China ETF (NYSEArca: GXC).

FTSE decision on the matter could come at any time, the Journal reported. Tencent Holdings (OTC: TCEHY), a key rival to Alibaba and Baidu, is FXI’s largest holding with a weight of 9.3% because the company’s primary listing is Hong Kong.

iShares China Large-Cap ETF