UAE, Qatar Rejected, Won’t Be Joining Emerging Markets ETFs (EEM, VWO)
MSCI, the firm responsible for developing and maintaining some of the most widely-followed indexes in the world, announced on Wednesday that Qatar and the United Arab Emirates would remain classified under frontier status until at least the middle of 2012, ending speculation over whether the two Middle East economies would be upgraded to emerging status. The decision ended weeks of speculation that had spurred increased activity as market participants sought to anticipate the ramifications of an upgrade. MSCI cited the “stringent foreign ownership limits, including on large companies” imposed by Qatar as a remaining hurdle that must be cleared before an upgrade is possible. “Any change to the status of the MSCI Qatar Index is conditional upon a meaningful increase of foreign ownership limit levels applied to Qatari companies resulting in increased foreign room,” said MSCI in a press release. The UAE was held back due to “significant concerns over [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs To Round Out Your International Exposure Emerging Markets ETFs: Five Factors To Consider Never Judge An ETF By Its Cover Emerging Market ETFs: Seven Factors Every Investor Should Consider Middle East ETFs In Focus As BlackBerry Showdown Looms
MSCI, the firm responsible for developing and maintaining some of the most widely-followed indexes in the world, announced on Wednesday that Qatar and the United Arab Emirates would remain classified under frontier status until at least the middle of 2012, ending speculation over whether the two Middle East economies would be upgraded to emerging status. The decision ended weeks of speculation that had spurred increased activity as market participants sought to anticipate the ramifications of an upgrade. MSCI cited the “stringent foreign ownership limits, including on large companies” imposed by Qatar as a remaining hurdle that must be cleared before an upgrade is possible. “Any change to the status of the MSCI Qatar Index is conditional upon a meaningful increase of foreign ownership limit levels applied to Qatari companies resulting in increased foreign room,” said MSCI in a press release. The UAE was held back due to “significant concerns over [...]

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