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MSCI says 49 companies are eligible for its global indexes

Published 02/11/2015, 06:57 PM
Updated 02/11/2015, 07:10 PM
© Reuters. The logo of the Alibaba Group is seen inside the company's headquarters in Hangzhou
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(Reuters) - Index provider MSCI Inc said on Wednesday it has determined that 49 foreign-listed companies traded outside their home countries will be eligible for inclusion in its Global Investable Market Indexes.

The move would allow so-called "orphan companies" such as Chinese online retailer Alibaba (N:BABA) and China's online search engine Baidu Inc (O:BIDU) to be eligible for potential inclusion in both MSCI Global Indexes and MSCI Country Indexes.

The potential additions include 17 Chinese companies, according to MSCI.

© Reuters. The logo of the Alibaba Group is seen inside the company's headquarters in Hangzhou

The index provider will announce the actual additions as part of its semi-annual index review in November.

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