FTSE yesterday Wednesday unveiled its new framework for classifying country status developed vs emerging within its global equity indexes. In addition to economic wealth, the new approach will see country classifications based on the 'quality of markets', a metric that takes into account criteria such as the regulatory, custody and settlement, dealing and derivatives environment in individual countries.
The results of our industry consultation paper show widespread support for the new approach, says Mark Makepeace, FTSE Group's CEO. Over 100 investment organisations from 30 countries responded to the paper.
According to FTSE's provisional quality of market assessment, Korea and Taiwan do not qualify for developed market status due to...
