Indian equity market set to see inflow of $3.6 billion after US federal pension fund switches index
The Federal Retirement Thrift Investment Board (FRTIB) has assets worth $600 billion. It currently uses MSCI EAFE index for investments. Now instead of the MSCI EAFE index, MSCI ACWI will use the IMI ex USA ex China ex Hong index.
Not just India, but the US government's move wilbenefit economies globally as the change is expected to reshuffle $28 billion (Rs 2.3 lakh crore) in equity. Photo: File/Representational