The global index company MSCI is examining the inclusion of Israel in the European benchmark indices. This is what the Securities Authority learned today.
The Securities Authority notes that MSCI’s decision was made against the background of a professional process conducted by the Authority’s staff over the past two years, led by the Director of the International Department and Business Development, Adv. Ofir Eyal, with the Index Company The public capital market in Israel, among other things, by opening up the market to international players and thus placing the Israeli capital market in line with the world’s leading capital markets.
The Authority also notes that Israel’s joining the European benchmark indices is expected to inject billions of dollars in investments into the Israeli capital market. In addition, to create increased exposure of Israeli public companies to diverse international investors, whose presence is expected to create great added value for the local capital market and the Israeli economy as a whole.
International investors will enjoy exposure to the strong shekel, diversification of the investment portfolio, and exposure to sectors in which the Israeli market excels, such as high-tech industries.
MSCI is now expected to conduct a professional and independent review of the process with leading asset managers and other stakeholders in the global arena. This examination is expected to be completed at the end of January and its results will be published during the month of February 2022.