Hazer in the MSCI global index

I have a feeling this flew under the radar on Friday, since it got only four(!) likes, so I've started a new thread. (Check out the elation over at FFX and EGR .)

Many thanks to @wobblyboots for posting news that Hazer is to be included in the MSCI global micro caps index from May 27.

Being in the Morgan Stanley Capital International indices means Hazer not only receives global exposure to institutional investors, but that ETFs and funds should invest by default. According to this explainer:

MSCI Indexes are used as the base for exchange-traded funds. The ETF duplicates the Index's stock holdings. That allows investors to profit from gains in the Index.

...
For that reason, MSCI Indexes have the power to change the market. When an index is rebalanced, all the ETFs and mutual funds that track it must buy and sell the same stocks. Stocks that are added to the index usually find their share prices rising. The opposite happens to stocks that are dropped from an index.

Here's the MSCI update:
https://app2.msci.com/eqb/gimi/stdindex/MSCI_May21_MicroPublicList.pdf

Sounds like pretty good news...!