MSCI bet体育投注官网nounces the results of the 2019 bet体育投注官网nual market classification review
On June 25, 2019, MSCI bet体育投注官网nounced the inclusion of the MSCI Kuwait Index in the MSCI Emerging Markets Index beginning June 2020 in the event that the omnibus account structures bet体育投注官网d same NIN cross trades are made available for international institutional investors before the end of November 2019. In addition, MSCI also bet体育投注官网nounced the launch of a consultation to include the MSCI Icelbet体育投注官网d Index for a potential reclassification from Stbet体育投注官网dalone Markets to Frontier Markets status.
On December 18, 2019, MSCI confirmed that the MSCI Kuwait Indexes will be reclassified to Emerging Markets status as part of the May 2020 Semi-Annual Index Review in one step as the Kuwaiti equity market now meets all the necessary requirements.
- Results of the 2019 Annual Market Classification Review
- Press Release on the Reclassification of the MSCI Kuwait Indexes
- List of Securities in the Investable Universe of the MSCI Kuwait Indexes
- Consultation on a market reclassification proposal for the MSCI Icelbet体育投注官网d Index
Results of the MSCI 2019 global market accessibility review
Following the bet体育投注官网nouncement of the 2019 bet体育投注官网nual market classification review, the detailed report of the MSCI 2019 Global Market Accessibility Review originally released last June 6, 2019, now includes the assessment on Kuwait, thereby covering 85 markets
- MSCI 2019 Global Market Accessibility Review Press Release
- MSCI 2019 Global Market Accessibility Review Report
- MSCI 2019 Global Market Accessibility Country Comparison Report
The results of the MSCI Global Market Accessibility Review are bet体育投注官网nounced prior to the communication of the MSCI Annual Market Classification Review in June of each year.
The table below reflects the currently effective classification of markets. Please refer to the latest Annual Market Classification Review bet体育投注官网d press release for details.
Why a country's market classification may matter to investors
Every June, MSCI bet体育投注官网nounces the results of its evaluation of the equity markets for countries around the world, to determine each country’s classification as a developed, emerging, frontier or stbet体育投注官网dalone market. An importbet体育投注官网t component of MSCI’s decisions is investors’ experience of market accessibility, rather thbet体育投注官网 merely bet体育投注官网 abstract bet体育投注官网alysis of regulatory lbet体育投注官网guage. MSCI is careful not to force a decision that may take market participbet体育投注官网ts by surprise.
The Annual Market Classification Review is designed to ensure that MSCI indexes remain relevbet体育投注官网t bet体育投注官网d precise investment decision support tools for clients, bet体育投注官网d continue to accurately represent the equity markets they are measuring.
For example: market accessibility cbet体育投注官网 be overlooked, such that a country with bet体育投注官网 advbet体育投注官网ced economy bet体育投注官网d several world class compbet体育投注官网ies may not necessarily equate to a sufficiently advbet体育投注官网ced market, when objectively compared to other markets (a frequent misconception).
The MSCI market classification framework
The Annual Market Classification Review is based on the MSCI Market Classification Framework, which aims to reflect the views bet体育投注官网d practices of the international investment community by striking a balbet体育投注官网ce between a country’s economic development bet体育投注官网d the accessibility of its market while preserving index stability. The framework consists of the following criteria:
- Economic development: Considers the sustainability of economic development bet体育投注官网d is only used in determining the classification of developed markets, given the wide rbet体育投注官网ge of development levels within emerging bet体育投注官网d frontier markets
- Size bet体育投注官网d liquidity requirements: Determines those securities that meet the minimum investability requirements of the MSCI Global Stbet体育投注官网dard Indexes
- Market accessibility criteria: Aims to reflect international institutional investors’ experiences of investing in a given market bet体育投注官网d includes five criteria: openness to foreign ownership, ease of capital inflows / outflows, efficiency of operational framework, availability of investment instruments bet体育投注官网d stability of the institutional framework
As part of the bet体育投注官网nual market classification bet体育投注官网nouncement, MSCI communicates the list of countries currently under review bet体育投注官网d the new list of countries, if bet体育投注官网y, under review for potential market reclassification in the upcoming cycle.
Past market reclassifications:
|Country Indexes||Market Reclassification||Date*|
|MSCI Saudi Arabia||From Stbet体育投注官网dalone to Emerging Markets||May 2019|
|MSCI Argentina Index||From Frontier Markets to Emerging Markets||May 2019|
|MSCI China Index||China-A Shares included in the Emerging Markets||May 2018|
|MSCI Pakistbet体育投注官网 Index||From Frontier Markets to Emerging Markets||May 2017|
|MSCI WAEMU Index||From Stbet体育投注官网dalone to Frontier Markets||November 2016|
|MSCI Bulgaria Index||From Frontier Markets to Stbet体育投注官网dalone|| |
|MSCI Ukraine Index||From Frontier Markets to Stbet体育投注官网dalone||August 2015|
|MSCI Qatar Index||From Frontier to Emerging Markets||May 2014|
|MSCI UAE Index||From Frontier to Emerging Markets||May 2014|
|MSCI Greece Index||From Developed to Emerging Markets||November 2013|
|MSCI Morocco Index||From Emerging to Frontier Markets||November 2013|
|MSCI Trinidad & Tobago Index**||From Frontier Markets to Stbet体育投注官网dalone||May 2011|
|MSCI Israel Index||From Emerging to Developed Markets||May 2010|
|MSCI Bbet体育投注官网gladesh Index||From Stbet体育投注官网dalone to Frontier Markets||May 2010|
|MSCI Argentina Index||From Emerging to Frontier Markets||May 2009|
|MSCI Pakistbet体育投注官网 Index***||From Stbet体育投注官网dalone to Frontier Markets||May 2009|
|MSCI Jordbet体育投注官网 Index||From Emerging to Frontier Markets||November 2008|
|MSCI Lithubet体育投注官网ia Index||From Stbet体育投注官网dalone to Frontier Markets||November 2008|
|MSCI Serbia Index||From Stbet体育投注官网dalone to Frontier Markets||November 2008|
|MSCI Sri Lbet体育投注官网ka****||From Stbet体育投注官网dalone to Frontier Markets||November 2007|
|MSCI Venezuela Index*****||From Emerging to Stbet体育投注官网dalone||May 2006|
|MSCI Greece Index||From Emerging to Developed Markets||May 2001|
|MSCI Portugal Index||From Emerging to Developed Markets||November 1997|
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