MSCI will drop Michael Saylor's Strategy from its global indexes, including the MSCI USA Index, following the index operator's new non-operating company ruleset that takes effect after the close on November 30.
The deletion was listed in the November 2026 Index Review that MSCI released on Wednesday.
Strategy was one of the firms that MSCI classified as non-operating companies under its new framework, which excludes businesses that primarily hold assets, prompting MSCI to treat them more as investment funds than traditional operating companies.
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