Chinese stocks are about to become a bigger part of the global investor's portfolio. And there is more coming.
China is a huge part of the global economy, but a good part of China's stock market is not represented on any of the global indices. Starting Dec. 1, MSCI, one of the leading index providers in the world, will include all 14 U.S.-listed China stocks in its indices, including Alibaba and Baidu.
Believe it or not, these big Chinese companies like Alibaba, the biggest e-commerce retailer by far, and competitor Baidu, have not been represented in global indices.
That's going to change.