Pakistan escapes Index Reclassification at MSCI annual review
MG News | June 26, 2019 at 02:00 AM GMT+05:00
June 25 (MLN): Pakistan escaped a potential downgrade from the MSCI EM index at the 2019 annual market classification review as MSCI announced that it will reclassify the MSCI Kuwait Index to Emerging Markets status.
MSCI also announced today the launch of a consultation to potentially reclassify the MSCI Iceland Index from Standalone Markets to Frontier Markets status.
Finally, MSCI announced that, if the MSCI Peru Index falls short of the required three constituents for the Emerging Markets, it will immediately launch a consultation to potentially reclassify the MSCI Peru Index from Emerging Markets status to Frontier Markets status. The MSCI Peru Index currently includes the minimum of three constituents.
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