MPIC Enters MSCI List

Manila—(PHStocks)—Metro Pacific Investments Corporation (MPIC, PSE: MPI) will be included in the MSCI Global Standard Indices, effective 31 May, following MSCI’s semi annual review.

MSCI is a leading provider of investment decision support tools to around 7,500 clients worldwide, ranging from large pension plans to boutique hedge funds, and its indices are followed throughout the world.

Commenting on the inclusion, MPIC’s Chairman Manuel V. Pangilinan said, “I see the main benefit of inclusion in the indices as attracting further investor following for the Company.”

Jose Ma. K. Lim, President and CEO, added, “I would like to think that our equity placing in January this year, which has boosted the daily trading liquidity in our shares, played a part in our inclusion in the Indices.”

There are numerous exchange traded funds which invest in MSCI Indices constituents.