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MSCI Equity Indexes May 2019 Index Review

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LONDON–(BUSINESS WIRE)–MSCI Inc. (NYSE:MSCI), a leading provider of research-based indexes and
analytics, announced the results of the May 2019 Semi-Annual Index
Review for the MSCI Equity Indexes – including the MSCI Global Standard,
MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value
and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets
Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small
Cap Indexes, the MSCI Pan-Euro and MSCI Euro Indexes, the MSCI US Equity
Indexes, the MSCI US REIT Index, the MSCI China A Indexes, MSCI China A
Onshore Indexes and the MSCI China All Shares Indexes. All changes will
be implemented as of the close of May 28, 2019. These changes have been
posted on the Index Review web page on MSCI’s web site at https://www.msci.com/index-review.

Inclusion of the MSCI Saudi Arabia Indexes in Emerging Markets:
Coinciding with this Index Review, MSCI will implement the first step of
the inclusion of the MSCI Saudi Arabia Indexes in the MSCI Emerging
Markets Indexes. Thirty Saudi Arabian securities will be added at half
of their FIF1-adjusted market capitalization, representing an
aggregate weight of 1.42% in the MSCI Emerging Markets Index. The second
and final step of the inclusion will coincide with the August 2019
Quarterly Index Review.

Inclusion of the MSCI Argentina Indexes in Emerging Markets: MSCI
will reclassify the MSCI Argentina Indexes from Frontier Markets to
Emerging Markets in one step coinciding with this Index Review. Eight
Argentinian securities will be added at an aggregate weight of 0.26% in
the MSCI Emerging Markets Index.

Weight Increase of China A Shares in Emerging Markets: MSCI will
implement the first step of the weight increase of China A shares in the
MSCI Emerging Markets Indexes. Twenty-six China A shares (18 of which
are ChiNext stocks) will be added to the MSCI China Index and the
inclusion factor for 238 existing constituents will be increased from
0.05 to 0.10. China A shares will have an aggregate weight of 5.25% and
1.76% in the MSCI China and MSCI Emerging Markets Indexes, respectively.

As a reminder, the weight increase of China A shares in the MSCI
Emerging Markets Indexes will be implemented through a three-step
process. The FIF-adjusted market capitalization of China A shares will
be further increased to 0.15 as part of the August 2019 Quarterly Index
Review and then to 0.20, together with the inclusion of Mid Cap China A
shares, in the final step as part of the November 2019 Semi-Annual Index
Review.

MSCI has published the list of constituents of the MSCI Saudi Arabia,
MSCI Argentina and MSCI China A Indexes to reflect the results of the
May 2019 Semi-Annual Index Review at https://www.msci.com/market-classification.

In addition, MSCI has updated the list of China A Mid Cap securities
that may potentially be added to the MSCI China and the MSCI Emerging
Markets Indexes as part of the third step of the weight increase to be
implemented at the November 2019 Semi-Annual Index Review.

MSCI Global Standard Indexes: One hundred twenty-two securities
will be added to and 41 securities will be deleted from the MSCI ACWI
Index. In the MSCI World Index, the three largest additions measured by
full company market capitalization will be Knorr-Bremse (Germany), Snap
A (USA) and Twilio A (USA). The three largest additions to the MSCI
Emerging Markets Index measured by full company market capitalization
will be Saudi Basic Industries Corporation (Saudi Arabia), Saudi Telecom
Company (Saudi Arabia) and Al Rajhi Banking and Investment Corporation
(Saudi Arabia).

MSCI Global Small Cap Indexes: There will be 344 additions to and
195 deletions from the MSCI ACWI Small Cap Index.

MSCI Global Investable Market Indexes: There will be 400
additions to and 170 deletions from the MSCI ACWI Investable Market
Index (IMI).

MSCI Global All Cap Indexes: There will be 350 additions to and
148 deletions from the MSCI World All Cap Index.

MSCI Frontier Markets Indexes: There will be two additions to and
23 deletions from the MSCI Frontier Markets Index. The two additions to
the MSCI Frontier Markets Index will be Petrovietnam Power (Vietnam) and
Banque De Tunisie (Tunisia). There will be 12 additions to and 24
deletions from the MSCI Frontier Markets Small Cap Index.

MSCI will launch the MSCI Malta Investable Market Index as a Standalone
Index as part of the May 2019 Semi-Annual Index Review. The index will
initially include one Standard Size-Segment constituent and two Small
Cap Size-Segment constituents.

MSCI Global Islamic Indexes: Seventy-one securities will be added
to and 49 securities will be deleted from the MSCI ACWI Islamic Index.
The three largest additions to the MSCI ACWI Islamic Index measured by
full company market capitalization will be Abbott Laboratories (USA),
Saudi Basic Industries Corporation (Saudi Arabia) and Linde (New) (USA).
There will be no additions to and two deletions from the MSCI Gulf
Cooperation Council (GCC) Countries ex Saudi Arabia IMI Islamic Index.

MSCI US Equity Indexes: There will be seven securities added to
and four securities deleted from the MSCI US Large Cap 300 Index. The
three largest additions to the MSCI US Large Cap 300 Index measured by
full company market capitalization will be Xilinx, Arista Networks and
Transdigm Group Inc.

Thirty-one securities will be added to and 20 securities will be deleted
from the MSCI US Mid Cap 450 Index. The three largest additions to the
MSCI US Mid Cap 450 Index measured by full company market capitalization
will be Omnicom Group, Altice USA A and Apache Corporation.

One hundred fifty securities will be added to and 62 securities will be
deleted from the MSCI US Small Cap 1750 Index. The three largest
additions to the MSCI US Small Cap 1750 Index measured by full company
market capitalization will be Smartsheet A, ADT and Avnet.

There will be 49 additions to and 30 deletions from the MSCI US Micro
Cap Index.

For the MSCI US Investable Market Value Index, there will be 149
additions or upward changes in Value Inclusion Factor (VIFs), and 126
deletions or downward changes in VIFs. For the MSCI US Investable Market
Growth Index, there will be 196 additions or upward changes in Growth
Inclusion Factors (GIFs), and 128 deletions or downward changes in GIFs.

MSCI US REIT Index: There will be one addition to and two
deletions from the MSCI US REIT Index. The addition to the MSCI US REIT
Index will be Innovative Industrial Properties, Inc.

MSCI China A Indexes: There will be 26 additions to and no
deletions from the MSCI China A Large Cap Index resulting in 264 index
constituents. There will be 29 additions to and five deletions from the
MSCI China A Mid Cap Index resulting in 173 index constituents.

MSCI China A Onshore Indexes: There will be 109 additions to and
three deletions from the MSCI China A Onshore Index. The three largest
additions to the MSCI China A Onshore Index will be Wens Foodstuff Group
A, Contemporary A and Shenzhen Mindray A. There will be 503 additions to
and 49 deletions from the MSCI China A Onshore Small Cap Index. Most of
the additions are newly eligible ChiNext stocks.

MSCI China All Shares Indexes: There will be 66 additions to and
10 deletions from the MSCI China All Shares Index. The three largest
additions to the MSCI China All Shares Index will be Wens Foodstuff
Group A, Contemporary A and Shenzhen Mindray A. There will be 522
additions to and 46 deletions from the MSCI China All Shares Small Cap
Index. Most of the additions are newly eligible ChiNext stocks.

-Ends-

About MSCI

MSCI is a leading provider of critical decision support tools and
services for the global investment community. With over 45 years of
expertise in research, data and technology, we power better investment
decisions by enabling clients to understand and analyze key drivers of
risk and return and confidently build more effective portfolios. We
create industry-leading research-enhanced solutions that clients use to
gain insight into and improve transparency across the investment
process. To learn more, please visit www.msci.com.

This document and all of the information contained in it, including
without limitation all text, data, graphs, charts (collectively, the
“Information”) is the property of MSCI Inc. or its subsidiaries
(collectively, “MSCI”), or MSCI’s licensors, direct or indirect
suppliers or any third party involved in making or compiling any
Information (collectively, with MSCI, the “Information Providers”) and
is provided for informational purposes only. The Information may not be
modified, reverse-engineered, reproduced or redisseminated in whole or
in part without prior written permission from MSCI.

The Information may not be used to create derivative works or to verify
or correct other data or information. For example (but without
limitation), the Information may not be used to create indexes,
databases, risk models, analytics, software, or in connection with the
issuing, offering, sponsoring, managing or marketing of any securities,
portfolios, financial products or other investment vehicles utilizing or
based on, linked to, tracking or otherwise derived from the Information
or any other MSCI data, information, products or services.

The user of the Information assumes the entire risk of any use it may
make or permit to be made of the Information. NONE OF THE INFORMATION
PROVIDERS MAKES ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS
WITH RESPECT TO THE INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE
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EACH INFORMATION PROVIDER EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES
(INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY,
ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY
AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE
INFORMATION.

Without limiting any of the foregoing and to the maximum extent
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have any liability regarding any of the Information for any direct,
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The foregoing shall not exclude or limit any liability that may not by
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that such injury results from the negligence or willful default of
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Information containing any historical information, data or analysis
should not be taken as an indication or guarantee of any future
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The Information should not be relied on and is not a substitute for the
skill, judgment and experience of the user, its management, employees,
advisors and/or clients when making investment and other business
decisions. All Information is impersonal and not tailored to the needs
of any person, entity or group of persons.

None of the Information constitutes an offer to sell (or a solicitation
of an offer to buy), any security, financial product or other investment
vehicle or any trading strategy.

It is not possible to invest directly in an index. Exposure to an asset
class or trading strategy or other category represented by an index is
only available through third party investable instruments (if any) based
on that index. MSCI does not issue, sponsor, endorse, market, offer,
review or otherwise express any opinion regarding any fund, ETF,
derivative or other security, investment, financial product or trading
strategy that is based on, linked to or seeks to provide an investment
return related to the performance of any MSCI index (collectively,
“Index Linked Investments”). MSCI makes no assurance that any Index
Linked Investments will accurately track index performance or provide
positive investment returns. MSCI Inc. is not an investment adviser or
fiduciary and MSCI makes no representation regarding the advisability of
investing in any Index Linked Investments.

Index returns do not represent the results of actual trading of
investible assets/securities. MSCI maintains and calculates indexes, but
does not manage actual assets. Index returns do not reflect payment of
any sales charges or fees an investor may pay to purchase the securities
underlying the index or Index Linked Investments. The imposition of
these fees and charges would cause the performance of an Index Linked
Investment to be different than the MSCI index performance.

The Information may contain back tested data. Back-tested performance is
not actual performance, but is hypothetical. There are frequently
material differences between back tested performance results and actual
results subsequently achieved by any investment strategy.

Constituents of MSCI equity indexes are listed companies, which are
included in or excluded from the indexes according to the application of
the relevant index methodologies. Accordingly, constituents in MSCI
equity indexes may include MSCI Inc., clients of MSCI or suppliers to
MSCI. Inclusion of a security within an MSCI index is not a
recommendation by MSCI to buy, sell, or hold such security, nor is it
considered to be investment advice.

Data and information produced by various affiliates of MSCI Inc.,
including MSCI ESG Research LLC and Barra LLC, may be used in
calculating certain MSCI indexes. More information can be found in the
relevant index methodologies on www.msci.com.

MSCI receives compensation in connection with licensing its indexes to
third parties. MSCI Inc.’s revenue includes fees based on assets in
Index Linked Investments. Information can be found in MSCI Inc.’s
company filings on the Investor Relations section of www.msci.com.

MSCI ESG Research LLC is a Registered Investment Adviser under the
Investment Advisers Act of 1940 and a subsidiary of MSCI Inc. Except
with respect to any applicable products or services from MSCI ESG
Research, neither MSCI nor any of its products or services recommends,
endorses, approves or otherwise expresses any opinion regarding any
issuer, securities, financial products or instruments or trading
strategies and MSCI’s products or services are not intended to
constitute investment advice or a recommendation to make (or refrain
from making) any kind of investment decision and may not be relied on as
such. Issuers mentioned or included in any MSCI ESG Research materials
may include MSCI Inc., clients of MSCI or suppliers to MSCI, and may
also purchase research or other products or services from MSCI ESG
Research. MSCI ESG Research materials, including materials utilized in
any MSCI ESG Indexes or other products, have not been submitted to, nor
received approval from, the United States Securities and Exchange
Commission or any other regulatory body.

Any use of or access to products, services or information of MSCI
requires a license from MSCI. MSCI, Barra, RiskMetrics, IPD and other
MSCI brands and product names are the trademarks, service marks, or
registered trademarks of MSCI or its subsidiaries in the United States
and other jurisdictions. The Global Industry Classification Standard
(GICS) was developed by and is the exclusive property of MSCI and
Standard & Poor’s. “Global Industry Classification Standard (GICS)” is a
service mark of MSCI and Standard & Poor’s.

MIFID2/MIFIR notice: MSCI ESG Research LLC does not distribute or act as
an intermediary for financial instruments or structured deposits, nor
does it deal on its own account, provide execution services for others
or manage client accounts. No MSCI ESG Research product or service
supports, promotes or is intended to support or promote any such
activity. MSCI ESG Research is an independent provider of ESG data,
reports and ratings based on published methodologies and available to
clients on a subscription basis. We do not provide custom or one-off
ratings or recommendations of securities or other financial instruments
upon request.

Privacy notice: For information about how MSCI ESG Research LLC collects
and uses personal data concerning officers and directors, please refer
to our Privacy Notice at https://www.msci.com/privacy-pledge.

1 Foreign Inclusion Factor

Contacts

Media Inquiries
[email protected]
Sam
Wang +1 212 804 5244
Melanie Blanco +1 212 981 1049
Laura
Hudson +44 20 7336 9653

MSCI Global Client Service
EMEA
Client Service + 44 20 7618.2222
Americas Client Service +1 888 588
4567 (toll free)
Asia Pacific Client Service + 852 2844 9333


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SCHWAZZE

Schwazze Appoints Forrest Hoffmaster as Interim Chief Executive Officer

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schwazze-appoints-forrest-hoffmaster-as-interim-chief-executive-officer

DENVER, Feb. 23, 2024 /PRNewswire/ — Medicine Man Technologies, Inc., operating as Schwazze, (OTCQX: SHWZ) (NEO: SHWZ) (“Schwazze” or the “Company”), today announced that Forrest Hoffmaster, the Company’s Chief Financial Officer, has been appointed to the additional role of interim Chief Executive Officer (“CEO”). This follows Nirup Krishnamurthy’s resignation as CEO and as a member of the Board of Directors (“Board”), effective February 20, 2024, due to personal reasons.

Mr. Hoffmaster, who joined the Company in January 2023, brings over 30 years of executive experience in finance and operations for both public and private companies. Prior to Schwazze, Mr. Hoffmaster served as CEO of New Seasons Market, a specialty gourmet food retailer, where he navigated the company through one of the most disruptive periods in the retail grocery industry. Under his leadership, Mr. Hoffmaster implemented a focused growth and cost optimization program, enabling the company to grow EBITDA by over 30% in two years. Prior to New Seasons Market, Forrest held leadership positions with other leading grocers including Whole Foods Market and H-E-B.

“Forrest is well-positioned to seamlessly step in and lead the Company’s day-to-day operations as we conduct our search for a permanent successor,” said Justin Dye, Chairman of the Board. “With Forrest’s proven track record and deep retail expertise, we plan to continue leveraging our operating playbook to drive strong Adjusted EBITDA margins and consistent cash flow generation. On behalf of the Board, I’d like to wish Nirup the best in his future endeavors.”

About Schwazze

Schwazze (OTCQX: SHWZ) (NEO: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale.

Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector.

Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth. To learn more about Schwazze, visit https://schwazze.com/.

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intends,” “plans,” “strategy,” “prospects,” “anticipate,” “believe,” “approximately,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other words of similar meaning in connection with a discussion of future events or future operating or financial performance, although the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) regulatory limitations on our products and services and the uncertainty in the application of federal, state, and local laws to our business, and any changes in such laws; (ii) our ability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (iii) our ability to identify, consummate, and integrate anticipated acquisitions; (iv) general industry and economic conditions; (v) our ability to access adequate capital upon terms and conditions that are acceptable to us; (vi) our ability to pay interest and principal on outstanding debt when due; (vii) volatility in credit and market conditions; (viii) the loss of one or more key executives or other key employees; and (ix) other risks and uncertainties related to the cannabis market and our business strategy. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
[email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/schwazze-appoints-forrest-hoffmaster-as-interim-chief-executive-officer-302069402.html

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