Lucio Tan’s MacroAsia makes it to MSCI Small Cap Index
Aviation service firm MacroAsia Corp. will be added to the MSCI Global Small Cap index by May 31.
MSCI indexes cover companies with excellent operational performance and high potential investment value, which are widely used as international equity benchmarks by institutional investors.
MacroAsia was earlier recognized as one of Philippines’ Best Small-Cap Companies in FinanceAsia’s 18th Annual Poll, ranking second to Shakey’s Pizza Asia.
FinanceAsia’s annual survey provides an in-depth analysis of Asia’s listed companies, their investor relations, commitment to corporate governance and social responsibility and acknowledges stand out performances in industry sector.
This year’s survey results reflect the opinions of 140 portfolio managers and buy-side analysts.