Qatar, UAE Upgraded to Emerging Markets as Greece Cut by MSCISherine El Madany
Qatar and the United Arab Emirates were upgraded to emerging-market status at MSCI Inc., while Greece lost its classification as a developed market.
The New York-based index provider, whose stock gauges are tracked by investors with about $7 trillion in assets, downgraded Morocco to a frontier market. MSCI will keep South Korea and Taiwan’s emerging-market status, and placed China A-shares on review for potential inclusion in the emerging-markets category, according to a statement today. Israel wasn’t added to the MSCI Europe Index.
MSCI tracks economic development, trading volumes and market accessibility to assess market classifications. Upgrades could lead to the nations’ equities luring more of the investor assets that follow MSCI’s gauges.