S&P echoes MSCI with index revamp

S&P Dow Jones Indices will reclassify Greece from a developed to an emerging market and promote the UAE and Qatar from frontier to emerging markets on September 22.

The index maker’s decision is based on deterioration in the Greek stock market following the eurozone debt crisis, and by improvements in liquidity and operations on the UAE and Qatar exchanges.

The move echoes the reclassification made by rival index provider MSCI, which made the same changes to Greece, Qatar and the UAE’s positions in its own index review, implemented in June.

After the reconstitution, the UAE will account for 1% of the S&P Emerging Broad Market Index, Qatar will account for 0.9% and Greece for 0.8%.

The largest countries in the index are China, 24%, followed by Taiwan, 14%, and Brazil, 11%.

©2014 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST