Subject:Fwd: SAUDI UPDATE - MEGA View — MSCI China A-share Inclusion: Muted response: Next China Potential catalyst — Xi's visit to Hong Kong
From: Richard Kahn -claTo: "jeffrey E." cjeevacation(taigmail.com>
…Ls...›. Richard Kahn BAML MENA team in the USA this week talking about the Saudi Trade: Very topical, great bming, key themes: • Fiscal Balance plan for 2020 as part of the longer term National Transformation Plan (2030) • Update on MSCI Timeline (Best guess: Watchlist next week, Announcement lune 2018, Inclusion May 2019) Expectation is 3.6% MSCI Weight with Aramco, 2.5% without Aramco (assuming $263bn passive and $1.4tn acbve AUMs tracking) • Recent changes to simplify (el Process clients…