"Investors are betting that the United Arab Emirates will finally be elevated to emerging market status in a review of MSCI indexes next week, but expect Qatar to miss out due to still stringent foreign ownership limits.
After being repeatedly overlooked by MSCI for an upgrade since 2009, UAE's efforts to improve market technology and transparency may be rewarded, analysts say. However, there is still a risk that some of the adjustments may have come too late for this year's index review on June 11.
Index compiler Morgan Stanley Capital International (MSCI) has UAE and Qatar under review for an upgrade to emerging market (EM) from frontier status, a move that could open up their bourses to millions of dollars of inflows from funds that are mandated to invest only in emerging markets."
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