(Reuters) - Index provider MSCI ( MSCI ) said on Tuesday that 42 securities will be added and 121 securities removed from its widely followed MSCI ACWI index following its quarterly review.

The changes will be implemented as of market close on May 31.

The three largest additions to the MSCI World index will be software firm and bitcoin buyer MicroStrategy ( MSTR ), data storage company Pure Storage and mechanical and electrical construction firm Emcor Group.

India's Canara Bank, Indonesia's Chandra Asri Pacific and India's JSW Energy will be the three largest additions to the MSCI Emerging Markets index.