MSCI Confirms Strategy Will Be Removed From Indexes at the End of November
Key Highlights: Removing Strategy from affected benchmarks could prompt index-tracking funds to sell its shares. JPMorgan previously estimated that Strategy’s exclusion could trigger about $2.8 billion in selling. Strategy said MSCI-linked funds held roughly 13 million shares, equal to 3.1% of its basic shares outstanding and less than one day of trading volume. Strategy Faces ...