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Index Providers Rule the World—For Now, At Least

FYI: In September 2015, Peru’s then-finance minister abruptly changed his plans and hopped on a jet to New York. By the time ­Alonso Segura Vasi landed in the U.S., officials from the country’s central bank and ­securities regulator were also en route to join him.

What prompted a bevy of Peruvian officials to make the eight-hour journey wasn’t a matter of urgent statecraft or diplomacy. Instead, it was a rumor that the financial company MSCI Inc. might oust the South American country from its widely followed emerging-markets index, a prospect that Vasi knew required ­immediate intervention.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-27/index-providers-rule-the-world-for-now-at-least
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