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Tuesday, 20 June 2017

Saudi Arabia Seen Luring Billions With MSCI Indexes Now in Sight - Bloomberg

Saudi Arabia Seen Luring Billions With MSCI Indexes Now in Sight - Bloomberg:

"Saudi Arabia passed a major barrier to being classified by MSCI Inc. next year as an emerging market, an achievement that may draw billions of dollars to its traded companies through eventual inclusion in some of the biggest global stock indexes.

The kingdom, already boasting the Middle East’s largest equities market, was added to MSCI’s watch list for a potential upgrade in 2018, the index provider announced on Tuesday. More than $1.5 trillion in assets are benchmarked by money managers to the MSCI Emerging Markets index family."



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