For the third straight year, South Korea, Taiwan, the United Arab Emirates and Qatar will all be passed over by MSCI Inc. (MSCI) for upgrades in market classifications, according to Citigroup Inc. (C)
South Korea and Taiwan haven’t addressed concerns such as creating offshore currency markets that excluded the two emerging markets from being given developed status last year, HSBC Holdings Plc analysts led by Tom Zhou wrote in a June 18 report. Eight of the top 10 brokerages in the U.A.E., a frontier market under review along with Qatar to be listed as developing markets, said the nation would be bypassed. MSCI, whose gauges are tracked by investors managing $7 trillion, is scheduled to announce results of its latest review at 10 p.m. London time.
No comments:
Post a Comment