Copying and distributing are prohibited without permission of the publisher
MSCI ranking upgrade could boost Middle East
18 August 2011
Inclusion in MSCI's emerging markets index would provide a huge benefits to countries in the region. Some are closer than others
Read more:
MSCI
emerging market
frontier market
Middle East
It was bad news, but wrapped in promising words. In June, MSCI announced its annual review of the countries within its enormously influential emerging markets index. The bad news was that none of the GCC markets merited inclusion – but for Qatar and UAE at least the decision will be looked at again in December. The good was that MSCI’s language suggested that it’s only a matter of time before at least two of those markets do make an appearance.
That’s a much bigger deal than it might at first appear because of the huge volumes of international wealth that follow the index – either as a passive fund tracking it directly, or an active fund that has to at least roughly follow the geographical allocation of the index.
“Until and unless GCC countries get into the emerging markets index, we cannot hope to...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
