Argentina, Saudi Arabia to be part of MSCI emerging markets index | Reuters

Argentina, Saudi Arabia to be part of MSCI emerging markets index | Reuters:

"Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their local equities. 

The decisions will be effective beginning in mid-2019.

 International investors’ expectations are now “that the current privatization effort in Saudi Arabia will continue to grow the investable opportunity set available to them and hence, all other things being equal, contribute to an increased weight of Saudi Arabia in the Emerging Markets Index in the future,” Sebastien Lieblich, MSCI managing director and global head of equity solutions, said in a statement.

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