More companies are going to get the chance to be included in the Morgan Stanley Capital International (MSCI) small cap country indices after a decision to expand the eligibility criteria.

The changes, which will take place on September 4, come after MSCI's decision to follow rival Stoxx and FTSE International in reconstructing its indices. MSCI has changed its criteria to include only the proportion of a company's free float - share available through the market - rather than the full market value. For the small cap indices this also means an extension to the eligibility range from $200m-$800m (€219.2m-€876.8m) to $200m-$1.5bn.