MSCI Inc., whose stock indexes are tracked by investors with about $3 trillion in assets, delayed its decision until December on whether to raise the United Arab Emirates and Qatar to emerging-market status from its frontier classification.
South Korea and Taiwan failed to win the developed-market designation from MSCI, which currently considers them emerging markets, according to a statement yesterday. The two countries, Asia’s biggest developing economies after China and India, will be evaluated again for a shift in 2012.
Introduction of the so-called delivery-versus-payment, a program for completing stock
transactions, may help lift U.A.E. and Qatar from their frontier-market rankings. MSCI’s delay of the decision will allow more time for investors to assess the impact of the changes, the New York-based index provider said.
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