Security Bank debuts on MSCI PH index
SECURITY Bank Corp. is debuting on the closely tracked MSCI Philippines index, levelling up from its previous “small cap” category in the indices that many global fund managers regard as the golden benchmark for equities investing.
On the MSCI small cap index, three companies were added: tycoon Enrique Razon Jr.-led gaming firm Bloomberry Resorts Corp., leading canned food Century Pacific Food and consumer technology firm Xurpas Inc.
Meanwhile, Philippine National Bank, SSI Group and Security Bank were deleted from the MSCI small cap index. In the case of Security Bank, it graduated to the main basket in MSCI indices.
All changes will be implemented as of the close of May 31 this year, MSCI said in an announcement from New York.
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