The Clap
E-Finance has entered the Morgan Stanley Emerging Markets Index (MSCI small cap) six months after its EGX IPO.
What is the MSCI World Small Cap Index?
The index includes companies from 23 emerging countries, and is watched closely by investors and portfolio managers.
The deets
E-Finance is expected to enter the index after the close of the US market on May 31, 2022.
E-Finance also expects to enter the MSCI ACWI by next November. The MSCI ACWI index includes companies from 23 developed markets and companies from 24 emerging markets.
Why this matters
Joining the index reflects global investors interest in E-Finance. Inclusion in the index also provides greater opportunities to attract capital from abroad.
