The investing world is going to recognize China whether it wants to or not. It’s all full steam ahead if on June 9, the benchmarkers at MSCI include mainland China equities in the hotly traded and highly benchmarked MSCI Emerging Markets Index.
“It’s going to be huge,” says Grant Engelbart, portfolio manager at the $6.5 billion CLS Investments asset management firm in Omaha. “I think the odds are low that it won’t be included, though the initial percentage of companies will be low because of the existing quota system for foreigners. You can’t have a ridiculous amount of assets tracking an equity you can’t even buy. It’ll take time and it is going to be a very big deal,” Engelbart says….