"Last week’s upgrade of the Qatari and UAE stock markets to emerging market status by MSCI, the index provider, was a long time coming but is highly welcome nonetheless.
The time taken to attain EM status reflects the rigour of the MSCI process and the importance which investors attach to the classification. It has been a long road for everyone – exchanges, regulators, custodians, brokers and asset managers. But, if it was easy, investors would not value it.
The result is that institutional players are now looking at the Gulf again and in some cases are investing for the first time in five years. As a result of the upgrade, we expect that $430m will flow into Qatar and $370m into the UAE markets from passive index investors over the course of the next year."
'via Blog this'
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