Satish Kanady
DOHA: Global Index provider FTSE Russell yesterday re-confirmed that Qatar will be upgraded from the Frontier to Secondary Emerging market. Announcing the results of its March 2016 country classification interim review, the Index provider stated “effective from September 2016, Qatar will be promoted from Frontier to Secondary Emerging. Latvia and Palestine, previously ‘unclassified’, will be designated as eligible Frontier markets within the FTSE Country classification scheme.”
FTSE announced its decision to upgrade Qatar for the first time in September 2015. It said the upgrade will be implemented over two equal tranches in September 2016 and March 2017
Equity markets in FTSE’s Global Equity Index Series fall into one of four categories: Developed, Advanced Emerging, Secondary Emerging and Frontier. In September 2013 Qatar was added to a FTSE’s ‘Watch List’ for possible promotion and then in March this year the index provider cited Qatar as having now passed its key liquidity criteria for Secondary Emerging Market inclusion. In September 2015 announcement FTSE confirmed Qatar had met all the criteria required to attain Emerging Market status. The FTSE Country Classification interim review is conducted every March to keep investors fully informed on the markets which have been placed on the Watch List, in the previous September, as part of the Annual Review. In order to ensure that the potential, as well as the confirmed, movement of markets between categories is completely transparent for investors, FTSE Russell maintains a Watch List of countries that are being considered for promotion or demotion between the various market classifications.
According to the latest country review, China ‘A’ Share, Kazakhstan, Kuwait, Mangolia, Poland and Saudi Arabia markets will remain included on the watch List.
The Peninsula
Satish Kanady
DOHA: Global Index provider FTSE Russell yesterday re-confirmed that Qatar will be upgraded from the Frontier to Secondary Emerging market. Announcing the results of its March 2016 country classification interim review, the Index provider stated “effective from September 2016, Qatar will be promoted from Frontier to Secondary Emerging. Latvia and Palestine, previously ‘unclassified’, will be designated as eligible Frontier markets within the FTSE Country classification scheme.”
FTSE announced its decision to upgrade Qatar for the first time in September 2015. It said the upgrade will be implemented over two equal tranches in September 2016 and March 2017
Equity markets in FTSE’s Global Equity Index Series fall into one of four categories: Developed, Advanced Emerging, Secondary Emerging and Frontier. In September 2013 Qatar was added to a FTSE’s ‘Watch List’ for possible promotion and then in March this year the index provider cited Qatar as having now passed its key liquidity criteria for Secondary Emerging Market inclusion. In September 2015 announcement FTSE confirmed Qatar had met all the criteria required to attain Emerging Market status. The FTSE Country Classification interim review is conducted every March to keep investors fully informed on the markets which have been placed on the Watch List, in the previous September, as part of the Annual Review. In order to ensure that the potential, as well as the confirmed, movement of markets between categories is completely transparent for investors, FTSE Russell maintains a Watch List of countries that are being considered for promotion or demotion between the various market classifications.
According to the latest country review, China ‘A’ Share, Kazakhstan, Kuwait, Mangolia, Poland and Saudi Arabia markets will remain included on the watch List.
The Peninsula
