S&P and MSCI plan to overhaul their industry classifications, merging internet and media stocks with phone companies to replace the telecommunication sector.
Turkey, Hong Kong, Poland and Hungary have all risen more than 20 percent, with Istanbul’s bourse ahead of the pack showing a near 40 percent increase.
Public investment vehicles, including mutual funds and ETFs focused on so-called “gender-lens” investing, oversaw $910 million in assets as of June 30, 2017.