Bluejay Mining plc LON:JAY the AIM and FSE listed company with projects in Greenland and Finland, this morning told DirectorsTalk about its inclusion in the Morgan Stanley Capital Index for World Micro Caps, effective 30 November 2017.
The MSCI World Micro Cap Index (MXEURC) captures micro-cap representation across 23 Developed Markets countries. With 5,733 constituents, the index covers approximately 1% of the free float-adjusted market capitalisation in each country and as at 31 October 2017, the market capitalisation of World Micro Caps stood at US$556,640 million.
MSCI is a world leading provider of research-driven insights and tools for institutional investors with particular expertise in the areas of risk and performance measurement that is based on more than 40 years of academic research, real-world experience and collaboration with clients. MSCI’s broad product line which includes equity, fixed income, hedge fund stock market indexes and equity portfolio analysis tools, supports clients’ needs across all major asset classes delivering a consistent way of looking at risk and performance from front to middle office.
Bluejay CEO Roderick McIllree said “The inclusion of Bluejay in MSCI’s World Micro Cap Index, an established index that is widely followed by both active and passive investment vehicles such as tracker funds, puts the Company firmly on the radar of institutional investors. Gaining representation in this index is testament to the progress we have made over the past year, specifically in positioning the Dundas Ilmenite Project in Greenland as the highest-grade mineral sand ilmenite project globally. We are nearing the final stages of the project permitting process which once complete will mark another major milestone as we continue to execute our defined development strategy to build a robust and long life mineral project.”
