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The percentage slice of the pie, shown in Chart 8, for emerging markets drops from 23.7% down to about 15.2% after accounting for MSCI's Free Float company market capitalization adjustment.
The Free Float market capitalization adjustment, shown in Table 1, in the column titled ACWI MCAP Free Float Filter, has a much greater impact on emerging markets weight in the global stock market capitalization than does the initial MSCI country adjustment.
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