Bloomberg/Phil Weymouth
by Kudakwashe MuzoriwaMSCI said that it will reclassify the MSCI Kuwait Indexes to Emerging Markets status as part of the May 2020 semi-annual index review in one step as the Kuwaiti equity market now meets all the necessary requirements.
Sebastien Lieblich, the Global Head of Index Solutions and Chairman of the MSCI Equity Index Committee, said, “We welcome the latest market accessibility enhancements introduced by the Kuwaiti authorities that now allow international institutional investor to benefit from omnibus account structures and same NIN cross-trade capabilities.”
In October 2019, the Kuwait Capital Market Authority (CMA) said that it issued resolutions, amending some provisions of the executive bylaws and rules related to the implementation of omnibus accounts and same National Investor Number (NIN) cross trades.
“Kuwait’s addition adds further diversification to the MSCI Emerging Markets Index with an estimated weight of 0.69 per cent,” said Lieblich.
MSCI is the world's largest index provider, whose emerging-market group of indexes has about $1.8 trillion of assets tied to it.
MOST READ
INVESTMENT
INVESTMENT
ECONOMY
WEALTH MANAGEMENT
INVESTMENT
INVESTMENT
INVESTMENT
INVESTMENT
INVESTMENT
HSBC considering exiting from TurkeyINVESTMENT
Abu Dhabi’s Group 42 acquires BayanatINVESTMENT
UBS investment bank job cuts reach Europe
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post