EME Strategy: MSCI 2018 AMR – Romania not EM yet, but maybe Saudi Arabia
The MSCI is due to announce the results of its 2018 Annual Market Classification Review (AMCR) on 20 June 2018 (shortly after 22:30 CET). We see a chance for Saudi Arabia to be upgraded to Emerging Markets (EM), but we are not sure whether the potential announcement will be made this year or in 2019E (the change in market status usually comes a year after the announcement). We see a low chance of Argentina being upgraded from Frontier Markets (FM) to EM, and we do not expect any changes in WOOD’s universe. We note that the MSCI stresses that the process is not an automated one, which we interpret as meaning that the index provider has a significant degree of discretion in its decisions in this area.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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