UAE and Qatar join the BRICs, is it time to buy? - Telegraph:
"Amid the usual turmoil in the Middle East, there is a quieter revolution underway, but one that is of no less importance to investors. Tuesday will be the effective date that index provider MSCI will upgrade the United Arab Emirates (UAE) and Qatar to emerging market status.
The move will unlock billions in capital flows into the region and see two of the fastest rising stock markets in the world added to the MSCI index.
Qatar and the UAE are currently classified as “frontier markets”. As the name suggests this means they are in the “Wild West” of the investing world, having been hampered by poor governance and low liquidity in the past.
The upgrade to “emerging market” status is not purely a case of semantics, it is a sign of their progress and places the stock markets in these two Persian Gulf states alongside global powerhouses such as Brazil, Russia, India and China, or the BRIC grouping."
'via Blog this'
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