CVC Capital Markets shares touch record high on MSCI World Index inclusion

Investing.com - Shares in CVC Capital Partners (AS:CVC ) surged in Amsterdam trading on Thursday, touching a fresh record high, on news that the private equity group will be added to the MSCI World Index .

The index is a closely-watched tracker of the performance of large- and mid-sized companies across 23 developed markets. It includes more than 1,400 constituents, covering approximately 85% of the free float-adjusted market capitalization in each country.

CVC, which debuted in Amsterdam in April in one of the largest initial public offerings in Europe this year, recently posted a 13% jump in half-year total revenue to 621 million euros.

Adjusted core income at the buyout group also rose by 16% to 390 million euros during the period. Meanwhile, total assets under management, which include the infrastructure manager DIF it acquired in a deal last year, came in at 193 million euros.

Shares in CVC, which was originally part of banking giant Citigroup (NYSE:C ), have surged by more than 65% since its first day of trading on public markets.

Swedish streaming music platform Spotify (NYSE:SPOT ) and online used car retailer Carvana (NYSE:CVNA ) are both slated to join CVC on the MSCI World Index, MSCI said in a statement.

Meanwhile, the three largest additions to the MSCI Emerging Markets Index will be Taiwan's International Games System, and Indian firms Kalyan Jewellers India (NS:KALN ) and Oberoi Realty (NS:OEBO ).

All the changes will be implemented as of the close of Nov. 25, MSCI noted.

Source: Investing.com