DMCI now on MSCI global indices
MANILA, Philippines—DMCI Holdings has been included on the MSCI Global Standard Indices, an influential equity benchmark for large- and medium-capitalization equities closely tracked by global fund managers.
Two other Philippine companies—Philex Petroleum Corp. and Puregold Price Club—were also added to the MSCI Small Cap Index.
These additions were made based on the May 2012 semi-annual index review of the MSCI equity Indices and will be implemented at the closing of May 31, MSCI Inc. announced in Geneva Tuesday night.
The MSCI indices were created to assist fund managers research the risk return profile of equity markets over time and make asset allocation decisions and carry out back-testing of various investment
strategies and product ideas using the industry standard benchmark. They are also used as benchmark in creating index-linked products.
