Saudi Arabia Wins Emerging Market Status

Saudi Arabia is upgraded to become an emerging market and Argentina has rejoined the ranks in MSCI's latest review

Glenn Freeman 21 June, 2018 | 9:09AM

Saudi Arabia

The world's largest oil producer Saudi Arabia has been promoted to an emerging market in MSCI's annual review of its classifications.

The inclusion of Saudi Arabia in the emerging markets index reflects growing confidence in the ongoing privatisation efforts within the Kingdom. FTSE Russell earlier this year said the country will join its emerging markets index in March 2019.

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Security NamePriceChange (%)Morningstar
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BlackRock Frontiers Ord97.36 GBX-0.25

About Author

Glenn Freeman  is Senior Editor for Morningstar Australia

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