2024-02-14 15:07:37
MSCI — the global market index giant — made a change to its rules this week that might benefit companies like Nubank and XP.
With the change in the rule, from August onwards Brazilian companies listed on stock exchanges abroad will be able to be part of the MSCI Brazil — the index of the main Brazilian companies — something that is not allowed today.
This is important because several passive funds follow these market indices to compose their portfolios.
In other words, when a company is included in these indices, it generates a flow of buyers that tends to make the share price rise.
Morgan Stanley estimated that this rule change might generate a flow of more than US$4.7 billion for four Brazilian companies listed in the United States: Nubank, XP, Stone and PagSeguro.
For the bank, these four companies — which carried out their IPOs in recent years in the USA — are those that would have the greatest chances of being included in the index.
Morgan Stanley also said that the decision is a watershed for the Brazilian capital market — as Brazilian companies listed in the US will gain access to the American market and still gain the passive flow that follows the benchmarks.
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