Confirmed: Infratil into MSCI, Spark out

(Image: NZME)

Thu, 07 Nov 2024

Infratil has confirmed that it is moving into the Morgan Stanley Capital International (MSCI) All Country World Index, and Spark is being dropped.The move has been signalled for some time and is one of the reasons behind Infratil’s rising share price and Spark’s ongoing decline.Infratil confirmed the index movements in a New Zealand Exchange (NZX) notice.The change matters because global passive funds tie a proportion of the investments to the MSCI.As a result, Spark shares should be sold, and Infratil’s should be bought by th...

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