MSCI has created two additional indices for Argentina. The move is aimed at helping investors better analyse the performance of market segments during this period of political and economic upheaval in the country.
But, following an initial consultation with investors around the world, MSCI said it had decided not to make any changes to the MSCI Argentina Index. “However, given the rapidly evolving environment faced by participants in the Argentine financial markets, MSCI will continue to monitor and review the situation in consultation with the investment community,” the company said.
The additional composite indices are the MSCI EMF with AR-ADRs Index, and the MSCI EMF Latin America with AR-ADRs Index. Each of these will include the MSCI Argentina with ADRs Index that was announced at the end of last year. The new indices will be set at a value of 100 as of November 30, 2001 and will be available from the end of March.