Top Financial Stocks
Financial stocks were ending higher Wednesday with the NYSE
Financial Sector Index rising about 0.3% and the S&P Financial
100 Index climbing about 0.6%.
In company news, MSCI Inc. (
) shares fell Wednesday, receiving little apparent help from a new
exchange-traded fund based on one of the company's index of
A-shares traded on the Shanghai or Shenzhen stock exchanges.
KraneShares today launched its China A-Shares ETF (
) on the New York Stock Exchange, giving ordinary investors their
first shot at investing in Chinese A-shares. The two most liquid
China ETFs currently available - the iShares Large-Cap ETF (
) and the iShares MSCI China ETF (
) - invest in so-called H-Shares traded on the Hong Kong
In addition to its global equity indices, MSCI produces real
estate indices and other measures of portfolio risk and
performance. Its governance division also provides specialized
financial research to institutional clients.
MSCI shares were down 1.1% at $45.09 each shortly before the
closing bell, or 23 cents off it intra-day low. The stock has a
52-week range of $31.63 to $45.65 a share.
In other sector news,
(+) KKR, Announces final closing of the $2 bln KKR Energy Income
and Growth Fund I, which will invest in unconventional oil and gas
resources in North America.
(-) BKU, Prices secondary offering of 10.3 mln shares of its
common stock previously owned by affiliates of the Blackstone Group
), the Carlyle Group (CG), WL Ross & Co., and Centerbridge
Partners LP at $33.50 apiece.