UAE enters a world changed since Egypt’s MSCI nod | The National:
"Seif Fikry was the head of institutional sales and trading at Egypt’s largest investment bank, EFG-Hermes, when the country’s shares were incorporated into MSCI’s Emerging Markets Index in May of 2001.
“We didn’t have the same amount of passive investors or exchange-traded funds as we do today,” Mr Fikry said. “We had more of managed funds, where the manager had the call to go underweight, overweight or exclude the whole index from his portfolio.”
But even then, the liquidity from passive investors – tracker funds and ETFs – into emerging markets was nowhere near today’s US$1 trillion, according to EPFR Global, a Boston-based fund tracker."
'via Blog this'
No comments:
Post a Comment