The index provider had already held extensive talks with asset managers and indicated that an upgrade of the three markets was unlikely.
Kuwait had never been considered a likely candidate for a promotion from the Frontiers Markets Index.
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Thursday, 23 July 2009
Index upgrades halted
When index provider MSCI Barra announced last month that it would not upgrade the stock markets of Kuwait, the United Arab Emirates and Qatar to its influential emerging markets index, investors largely shrugged.
The index provider had already held extensive talks with asset managers and indicated that an upgrade of the three markets was unlikely.
Kuwait had never been considered a likely candidate for a promotion from the Frontiers Markets Index.
The index provider had already held extensive talks with asset managers and indicated that an upgrade of the three markets was unlikely.
Kuwait had never been considered a likely candidate for a promotion from the Frontiers Markets Index.
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