Wacha1
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- Dec 21, 2009
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The Argentinian flag in front of the Torre Monumental clock tower in Buenos Aires. Argentina is one of four countries to be reclassified to a different market status by FTSE Russell.
Argentina, Peru, Romania and Tanzania will each be reclassified to a different market status in September, according to index provider FTSE Russell's March interim review.
Peru will be reclassified to frontier market status from secondary emerging market status, effective in one tranche, while Romania will be reclassified to secondary emerging market status from frontier market status.
Romania's reclassification is subject to two Romanian securities meeting the eligibility screens for the FTSE Global All Cap index, the review said. Argentina, meanwhile, will become unclassified from frontier market status in September, subject to "existing capital controls not being removed by Sept. 28," the review said.
FTSE Russell originally announced its intention to explore moving Argentina to unclassified status in January after the Banco Central de la Republica Argentina's announcement to extend capital controls beyond the original Dec. 31, 2019, expiration date. Tanzania will be reclassified to frontier market status from unclassified status in September as well, effective in one tranche, according to the review.
Safi sana opportunity zinasogezwa kwa Watanzania.
Kwa wale wenzangu na mimi ..... ...... ....
Frontier Markets:
A frontier market is a type of developing country which is more developed than the least developing countries, but too small, risky, or illiquid to be generally considered an emerging market. The term is an economic term which was coined by International Finance Corporation’s Farida Khambata in 1992. The term is commonly used to describe the equity markets of the smaller and less accessible, but still "investable", countries of the developing world..
The frontier, or pre-emerging equity markets are typically pursued by investors seeking high, long-run return potential as well as low correlations with other markets. Some frontier market countries were emerging markets in the past, but have regressed to frontier status.