EME Strategy: MSCI delays reclassification of Kuwait until November SAIR
Yesterday (8 April), after the market closed, the MSCI announced that the upgrade of Kuwait from Frontier to the Emerging universe will be postponed from the May Semi-Annual Index Review (SAIR) until the November SAIR (changes effective from 1 December). The index provider said that: “the impact that the COVID-19 pandemic is having on the ability of international institutional investors to fully perform all the preparation work required ahead of the implementation†is the reason for the delay in the reclassification. Nonetheless, the MSCI stressed that Kuwait still meets all the requirements for an upgrade to the EM universe.
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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