The UAE and Qatar have failed for a third time to be upgraded to emerging markets status by MSCI, the index compiler announced on Thursday morning.
Both countries will continue to be categorised as frontier markets and will remain under review for potential reclassification to emerging markets as part of the company’s 2012 review, MSCI said in a statement posted on its website.
Both countries will continue to be categorised as frontier markets and will remain under review for potential reclassification to emerging markets as part of the company’s 2012 review, MSCI said in a statement posted on its website.
“ Investors continue to stress significant concerns over the effectiveness of the new framework to fully ensure the safeguarding of their assets under certain circumstances, particularly for failed trades where a forced sale of assets, without the owner’s consent, remains a possibility ”MSCI statement
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