Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Vanguard Index Switch to Stoke Korea Stock Outflows: Barclays

Feb. 4 (Bloomberg) -- Vanguard’s decision to switch its EM stock benchmark provider to FTSE from MSCI could lead to $9bln of outflows from Korean stocks in Q1, Barclays Plc says in note released today. * U.S. mutual fund benchmarked $59.7bln of assets to MSCI EM index end-2012, analyst Alanna Gregory writes * Korea holds 14.5% weight in MSCI EM, while FTSE classifies Korea as a developed market * Switch to benefit Malaysia, South Africa and could be supportive for the ringgit: Report * Stock flows not a significant factor for won’s performance: Report

To contact the reporter on this story: David Yong in Singapore at dyong@bloomberg.net

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.