MSCI Inc. (NYSE:MSCI), a leading provider of research-based
indexes and analytics, announced the results of the MSCI 2019
Global Market Accessibility Review. The detailed report, covering
market accessibility assessments for 84 markets, has been made
available on MSCI's web site at
https://www.msci.com/market-classification.
As previously announced, the MSCI Kuwait Index is currently
included on the MSCI 2019 Annual Market Classification Review list
for a potential reclassification to Emerging Markets status and
hence Kuwait is not included in the MSCI 2019 Global Market
Accessibility Review report released today. This information will
subsequently be made available on June 25, 2019, concurrent with
the MSCI 2019 Annual Market Classification Review announcement.
The MSCI Global Market Accessibility Review aims to serve as a
tool for international institutional investors to better track the
evolution of market accessibility in individual countries as well
as for regulators to be informed of the areas perceived as not
meeting international standards and for which improvement would be
welcomed by international institutional investors.
Consistent with prior years, the MSCI 2019 Global Market
Accessibility Review provides a detailed assessment of market
accessibility for each country market included in the MSCI Indexes.
In particular, it provides an evaluation of the five market
accessibility criteria, which are:
- Openness to foreign ownership
- Ease of capital inflows / outflows
- Efficiency of the operational
framework
- Availability of Investment
Instruments
- Stability of the institutional
framework
These five criteria are reflective of the views of international
institutional investors who generally put a strong emphasis on
equal treatment of investors, free flow of capital, cost of
investment, unrestrictive use of stock market data and country
specific risk. MSCI uses 18 distinct accessibility measures for the
assessment of these five criteria, described in detail in the MSCI
2019 Global Market Accessibility Review report.
As a reminder, market accessibility is one of the three
criteria, along with economic development as well as size and
liquidity, determining classification of markets into Developed,
Emerging, Frontier and Standalone Markets. The classification of
markets is a key input in the process of index construction as it
drives the composition of the investment opportunity sets to be
represented. More information on the MSCI Market Classification
Framework is available at:
https://www.msci.com/market-classification.
About MSCI
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 45
years of expertise in research, data and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com.
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