"Following the news announcement made by MSCI this evening, please find below comment from Sam Vecht, BlackRock’s head of the emerging markets specialist team and portfolio manager of the Frontiers Investment Trust.
“The MSCI decision to upgrade Qatar and United Arab Emirates from Frontier Markets to Emerging Markets on Tuesday 11 June 2013, with effect May 2014, reflects a growing realisation of how far these economies and their financial markets have developed in recent years.
“While we welcome the move, it is unlikely to have any significant near-term impact on how we manage our client portfolios. We have been broadly positive on both of these countries for the last two years as the combination of economic restructuring post financial crisis, strong earnings growth, depressed valuations, and high dividend yields offers an attractive proposition."
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