JBS Added to MSCI Small Cap USA Index; Excluded from MSCI Brazil

JBS shares will be added to the MSCI Small Cap USA Index in the upcoming review, while being excluded from MSCI Brazil, which saw no inclusions. This index change reflects JBS's continued shift in listing and investor base toward the U.S., potentially driving passive inflows from U.S. small-cap funds. The exclusion from MSCI Brazil may reduce Brazilian passive demand, but the net impact is likely modest given the size of the index.

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