In today’s briefing:
- HDFC AMC: Abrdn’s Potential Placement & Index Implications
HDFC AMC: Abrdn’s Potential Placement & Index Implications
- Abrdn PLC (ABDN LN) is looking to sell its entire 10.21% stake in HDFC Asset Management (HDFCAMC IN) following which it will no longer be a sponsor of HDFC MF.
- Depending on who the stake is sold to, there could be an immediate increase in the investability weight in the FTSE All-World Index.
- More importantly, the increased free float will result in an increase in the FIF for the MSCI Standard Index and index inclusion could take place in February.
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