Original | Odaily Planet Daily (@OdailyChina)
Author | Asher (@Asher_0210)
On October 15, MSCI announced the adoption of a new screening framework for “non-operating companies,” using metrics such as operating assets, operating expenses, and cash flow to determine whether certain listed companies more closely resemble investment vehicles. The related adjustments will take effect with the November index review, with the final list of affected companies to be published on November 11 and implemented after market close on November 30.
In short, MSCI’s new rule proposes removing from global indices companies that appear more like investment vehicles than businesses with actual operations; Strategy, Metaplanet, and Upexi—all cryptocurrency…
