India-Singapore Futures Fight a ‘Concern’ for MSCI CEO Fernandez
- Index compiler is consulting with clients, chief says
- Dispute may kill all offshore hedging tools for Indian stocks
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The chief executive officer of MSCI Inc., one of the world’s biggest index compilers, said his firm is “concerned, quite a lot” about the dispute between exchanges in India and Singapore that threatens a popular offshore futures contract.
New York-based MSCI is monitoring the situation and consulting its clients about how they view the matter, CEO Henry Fernandez said in an interview on Bloomberg Television. The fight over Singapore Exchange Ltd.’s Indian futures may leave international investors with no easy way to hedge their exposure to one of Asia’s biggest markets.