Strategy Note /

Nigeria ejection from MSCI FM looms

  • Nigeria has 4.7% and 7.2% weights in MSCI FM and FM 100 equity indices and may be ejected on 31 August

  • Since March 2020, low foreign exchange liquidity has inhibited repatriation and accurate marking to market

  • Modest impact on share prices: FX issues not new, remaining foreigners committed or trapped anyway, FM funds are small

Nigeria ejection from MSCI FM looms
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
24 June 2022
Published byTellimer Research


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