Premier blue chip John Keells Holdings (JKH) has been included in the influential MSCI Frontier Markets 100 Index from 1 March after being removed in June 2018.
This was following the MSCI FM100’s quarterly index review.
According to Bartleet Relegare Securities the MSCI FM100 Index is a representative and more easily replicable alternative to its broader parent index, MSCI Frontier Markets Investable Market Index (IMI). The MSCI FM100 index includes approximately 100 of the largest and most liquid constituents of the parent index.
During a quarterly index review, securities from the parent index are added to MSCI FM 100 Index if they have a minimum liquidity level (have a 12-month annualised traded value ratio – AVTR – above 10%); have sufficient foreign room (must not be subject to a limited investability factor due to low foreign room) and have a free float-adjusted market capitalisation above 1.8 times the minimum free float-adjusted market capitalisation requirement.