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.
![Indian equity market set to see inflow of $3.6 billion after US federal pension fund switches index](https://cdn.zeebiz.com/sites/default/files/2023/11/28/270525-cfe-infosystem-bse.jpg?im=FitAndFill=(1200,900))
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