Morgan Stanley Capital International ( MSCI), one of the world’s biggest index compilers, has added Co-operative Bank of Kenya into its Frontiers Index Small Cap Index.
The index lists what are regarded as blue-chip listed stocks from selected frontier markets of Asia, Middle East, Central and Eastern Europe and Africa.
Inclusion in the index raises the visibility of a listed company among prospective investors seeking opportunity in frontier markets.
Kenya was the only African country with companies on the index after firms in Morocco, Burkina Faso and Mauritius were “deleted”, according to a notice from MSCI.
The MSCI Frontier Markets Indexes include large, mid-sized, capitalisation companies and provide a broad representation of the equity opportunity set while taking investment requirements into consideration within each mars.
MSCI classifies 32 countries as Frontier Markets, 23 of which are included in the MSCI Frontier Markets Index.
For over 40 years, MSCI has provided global investors with research-based tools and services that include indexes, data, analytical models, regulatory reporting and research to help investors get deeper insights.
