EME Strategy: MSCI confirms inclusion of Kuwait in MSCI EM in 2020
Yesterday (18 December), after the market closed, the MSCI confirmed the inclusion of Kuwait in the MSCI EM index along with the May 2020 Semi-Annual Index Review (SAIR). Moreover, the index provider extended the consultations over the possible downgrade of Argentina from the MSCI EM by June 2020. We see the announcement on Kuwait’s upgrade as positive for Romania and Kazakhstan, as it should result in USD 17m and USD 6m of passive inflows into the markets, respectively, on our numbers. Moreover, Romania’s weight in the MSCI Frontier Markets 100 index (based on the country’s weights in the ETF tracking the index) should expand from the current c.8% to c.12%, according to our calculations.
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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