MSCI reshuffle sees MRP, Meridian join main global index, Xero exits

MSCI reshuffle sees MRP, Meridian join main global index, Xero exits
By Suze Metherell Nov. 7 (BusinessDesk) - A review of global indices by MSCI has added MightyRiverPower and Meridian Energy to the international investment advisor's main global index, while Xero has exited to a smaller cap index. The semi-annual review of the MSCI Equity Indexes saw government-controlled energy generators and retailers, MRP and Meridian included in the MSCI Global Standard Index, exiting the MSCI Global Small Cap Index. Meanwhile, Xero, the cloud-based accounting software firm, departed the standard index, to join the sm...