May 12, 2016 / 9:27 PM / in 2 years

MSCI says to keep Southern Copper in its Peru index

LIMA, May 12 (Reuters) - Index provider MSCI Inc said on Thursday that it decided not to move Southern Copper Corp to its U.S. securities index, keeping it instead in its Peru index in a move that will likely boost the Lima bourse.

Stripping Southern Copper from MSCI’s Peru Equity Universe would have left Lima’s stock exchange with just two securities considered “investable” by MSCI - under the three minimum needed for the bourse to hold on to its emerging market status. (Reporting By Mitra Taj; Editing by Chris Reese)

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