MSCI to Drop Strategy From Global Indexes
Index operator MSCI will remove Strategy and other companies resembling investment funds from its global indexes. The decision threatens to curb passive fund inflows into the affected stocks.
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MSCI INC will remove STRATEGY INC and other digital asset treasury companies from its global indexes, threatening billions in passive fund inflows. The index operator finalized the exclusion after determining that firms holding 50% or more of their total assets in digital currencies function more like investment funds than operating businesses. The policy shift could curb institutional capital allocation into affected equities as benchmark-tracking funds rebalance their holdings.
