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MSCI adds China A-shares to emerging market index

MSCI announced it would add China A-shares to its MSCI Emerging Markets Index after rejecting China’s previous three attempts. MSCI plans to add 222 Chinese shares to its Emerging Markets Index, with an initial weighting of 0.73 percent.

The full inclusion of domestic Chinese stocks in the widely tracked MSCI Emerging Markets Index could pull more than $400 billion of funds from asset managers, pension funds and insurers into mainland China’s equity markets over the next decade, according to analysts.

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Snapchat files for $3bn IPO

Snap, the owner of messaging app Snapchat, filed public documents for a share offering Thursday, seeking to raise up to $3 billion in a keenly anticipated Wall Street debut.

The California-based tech firm, which allows users to send images that vanish within seconds, was expected to be one of the biggest tech company IPOs in recent years with a valuation likely to top $20 billion.
The company revealed in the documents that it made sales of $404m last year, but a loss of $515m.
In outlining its business plan, Snap said it generates revenue primarily through advertising and emphasized its willingness to take risks to drive user engagement at numerous points throughout the filing.

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Why should you look at Technology Indexes?

Technology is increasingly dominating every sector of the economy. There are many published studies about the importance of technology for the next years. Accenture Technology R&D published this year a report where it is highlighted that according to their global technology survey of more than 3.100 IT and business executives, 86 percent of the executives anticipate that the pace of technology change will increase rapidly or at an unprecedented rate in their industry over the next three years

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