Thursday 5 May 2011

Qatar may draw $2 bln if bourse upgraded -BNY mellon | Reuters

Qatar would see at least $2 billion in new foreign investment should it be upgraded from frontier market to emerging market status by influential index compiler MSCI in June, a BNY Mellon vice president said on Wednesday.

"Reports we've seen indicate Qatar would benefit from at least $2 billion in new money from investors who track the MSCI index," said Dubai-based Peter Gotke.

"You'd expect these indices to attach themselves very quickly, with a significant amount of money coming in a very short timeframe, possibly within six months or even three months," Gotke said.

No comments:

Post a Comment