Egypt, Pakistan Await Verdict on Emerging-Market Demotion Threat
- The two nations are on FTSE Russell reclassification watchlist
- Index provider to publish results of review on Wednesday
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The threat of losing their emerging-market status hangs over Egypt and Pakistan, which will learn on Wednesday whether their economic-turnaround plans are enough to avoid demotion at FTSE Russell. Vietnam is awaiting an elusive promotion.
The index provider will announce the results of its first classification review of 2024 after the close of trading in New York. The rankings influence where $15.9 trillion of funds that track the company’s gauges invest their money, especially in emerging and frontier markets.