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People
25
Organizations
24
Locations
1
Events
2
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Financial research report / whitepaper
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1.5 MB
Summary
A page from a BofA Merrill Lynch financial research report (GEMs Paper #26) dated June 30, 2016. It analyzes the financial impact of Saudi Arabia's potential inclusion in the MSCI Emerging Markets (EM) Index, projecting $10.9 billion in inflows. The document lists specific Saudi companies (banks, telecom, etc.) that would benefit and includes a pie chart comparing Saudi Arabia's potential market weight against other nations like China, Korea, and Brazil. The document bears a House Oversight Committee Bates stamp.
Organizations (25)
Timeline (1 events)
2016-06-30
Publication of GEMs Paper #26 analyzing Saudi Arabia's potential inclusion in MSCI EM Index
Global
Relationships (2)
Analysis of potential inclusion and weighting within the index.
Document bears HOUSE_OVERSIGHT Bates stamp.
Key Quotes (3)
"This analysis suggests that Saudi’s potential weighting in the MSCI EM Index (were it to be included today) would be c1.4%."Source
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Quote #1
"Provisional MSCI Saudi Arabia constituents stand to gain as much as $10.9bn of total passive and benchmark-neutral active funds on inclusion"Source
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Quote #2
"If included today, Saudi Arabia would be the thirteenth largest constituent of the MSCI EM, accounting for 1.4% of the index."Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (1,977 characters)
inclusion limit articulated by the MSCI (currently 0.2), we are able to decipher the relative weighting of Saudi Arabia if it were to be included the MSCI EM index.
This analysis suggests that Saudi's potential weighting in the MSCI EM Index (were it to be included today) would be c1.4%. Furthermore, it would likely trigger net inflows (from other MSCI EM markets) of US$10.9bn when including all passive and benchmark-neutral active funds tracking MSCI EM. Importantly, our analysis is based on EPFR data, which respectively indicates US$405bn and US$354bn of active and passive funds following the MSCI EM index.
Table 14: Provisional MSCI Saudi Arabia constituents stand to gain as much as $10.9bn of total passive and benchmark-neutral active funds on inclusion
[Table Columns: Provisional weight in MSCI Saudi, Provisional weight in MSCI EM, ADTV active (US$m), Potential buying (US$m), Potential active days buying, Potential passive buying (US$m), Potential passive days buying, Total US$m active + passive days buying, Total days active + passive days buying]
AL RAJHI BANK
ALINMA BANK
ALMARAI
ARAB NATIONAL BANK
BANQUE SAUDI FRANSI
ETIHAD ETISALAT CO.
RABIGH REFN.& PETROCH.
RIYAD BANK
SAMBA FINANCIAL GROUP
SAUDI ARABIA FRTZ.
SAUDI ARABIAN MINING
SAUDI BASIC INDUSTRIES
SAUDI ELECTRICITY
SAUDI TELECOM
SAVOLA GROUP
YANBU NAT.PETROCH.
FAWAZ ABDULAZIZ ALHOKAIR
ALTAYYAR
NATIONAL COMMERCIAL BANK
TOTAL 5,762 5,036 10,798
ALINMA BANK
ALMARAI
ARAB NATIONAL BANK
BANQUE SAUDI FRANSI
ETIHAD ETISALAT CO.
RABIGH REFN.& PETROCH.
RIYAD BANK
SAMBA FINANCIAL GROUP
SAUDI ARABIA FRTZ.
SAUDI ARABIAN MINING
SAUDI BASIC INDUSTRIES
SAUDI ELECTRICITY
SAUDI TELECOM
SAVOLA GROUP
YANBU NAT.PETROCH.
FAWAZ ABDULAZIZ ALHOKAIR
ALTAYYAR
NATIONAL COMMERCIAL BANK
TOTAL 5,762 5,036 10,798
Source: BofA Merrill Lynch Global Research, MSCI and DataStream
Chart 51: If included today, Saudi Arabia would be the thirteenth largest constituent of the MSCI EM, accounting for 1.4% of the index.
[Chart Legend]
CHINA
KOREA
TAIWAN
INDIA
SOUTH AFRICA
BRAZIL
MEXICO
RUSSIA
MALAYSIA (EM)
INDONESIA
THAILAND
PHILIPPINES
SAUDI
TURKEY
CHILE
POLAND
QATAR
UAE
COLOMBIA
PERU
GREECE
HUNGARY
EGYPT
CZECH REPUBLIC
CHINA
KOREA
TAIWAN
INDIA
SOUTH AFRICA
BRAZIL
MEXICO
RUSSIA
MALAYSIA (EM)
INDONESIA
THAILAND
PHILIPPINES
SAUDI
TURKEY
CHILE
POLAND
QATAR
UAE
COLOMBIA
PERU
GREECE
HUNGARY
EGYPT
CZECH REPUBLIC
Source: BofA Merrill Lynch Global Research, MSCI and DataStream
46 GEMs Paper #26 | 30 June 2016
Merrill Lynch
HOUSE_OVERSIGHT_016156
Merrill Lynch
HOUSE_OVERSIGHT_016156
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