"The United Arab Emirates and Qatar could be upgraded to emerging-market status at MSCI Inc. (MSCI) this month after both nations improved market accessibility, HSBC Holdings Plc (HSBA) said in a report.
Morocco could be reclassified to frontier market from emerging market because of “diminished liquidity,” HSBC said. The U.A.E. and Qatar have improved their delivery-versus-payment systems and now include the buyer-cash-compensation procedure, where the buying investor is paid in cash if a security is unavailable for delivery on settlement day, the report said.
“An upgrade will potentially result in access to a larger pool of investments,” HSBC analysts Vijay Sumon and Joaquim de Lima wrote in a research report dated May 31. The move could see more than $430 million flowing into Qatar and about $370 million into the U.A.E., they said."
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