China Convinces Mobius It’s Ready for MSCI
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China is starting to convince international money managers that its $7.8 trillion stock market is ready for MSCI Inc.’s global indexes.
Templeton Emerging Markets Group’s Mark Mobius, who was against inclusion as recently as March, became the latest convert on Tuesday, saying his funds are now buying yuan-denominated shares. Five of nine global investors interviewed by Bloomberg over the past month say Chinese stocks should be added to the indexes after getting rejected last June.