Argentina Wants MSCI to Upgrade Local Shares to Emerging Status
- BYMA wants to extend ADR’s status to common stocks in May
- Political uncertainty, macroeconomic scenario create doubts
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Despite last year’s currency crisis and economic contraction, Argentina still expects its stock market will return to the foreign investors’ radar in 2019.
Bolsas y Mercados Argentinos SA, or BYMA, the operator of the largest stock exchange in the country, has started a new plan to convince the index provider MSCI Inc. to include local stocks in the "emerging" category from its current "frontier" level.