It’s one day until MSCI decides whether Qatar and the UAE qualify for upgrades from frontier to emerging market status, and even once optimistic investors are now rather unconvinced that it’ll happen.
“If you saw betting on the market [upgrades] you’d have seen it outperform the other markets,” said Yazan Abdeen, head of Middle East equities for ING in Dubai.
But the two countries’ markets to date this year have not, in general, outperformed any markets except those that have been hit directly by political unrest.
No comments:
Post a Comment