South Korea, Taiwan, the United Arab Emirates and Qatar failed to secure an upgrade at MSCI Inc. (MSCI), whose stock indexes are tracked by investors with about $7 trillion in assets.
The New York-based index provider will keep South Korea and Taiwan’s emerging-market status, and Qatar and the U.A.E.’s frontier classification, it said in a statement yesterday. The two Asian countries will be kept under review for potential elevation to developed markets, while the Persian Gulf nations will remain under review for possible reclassification to emerging markets, it said.
MSCI tracks economic development, trading volumes and market accessibility to assess market classifications. Upgrades could lead to the nations’ equities luring more of the investor assets that follow MSCI’s gauges. Winning developed status could draw a net $8.3 billion to South Korea and $5.2 billion to Taiwan, HSBC Holdings Plc analysts led by Tom Zhou wrote in a June 18 report.
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