Morgan Stanley Capital International (MSCI), a leading global provider of research-based indexes and analytics, has added three Vietnamese stocks to MSCI Frontier Markets Index.
Morgan Stanley Capital International (MSCI) has suggested the weight of Kuwaiti shares in its frontier markets basket will be curbed gradually to avoid shock-making for other markets in the basket.
It may take Viet Nam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.
Shares failed to rally on Wednesday, partly affected by Morgan Stanley Capital International (MSCI)’s announcement that Viet Nam will not be included the company’s watchlist for potential reclassification as an emerging market.
Viet Nam has once again missed the chance to break into Morgan Stanley Capital International’s watchlist of potential reclassification for a status upgrade.
One year after failing to enter MSCI’s watchlist for a market status upgrade, it remains unsure if Viet Nam will make it this year despite efforts made to improve market conditions.