Global index provider FTSE has decided to retain Taiwan and South Korea's classification as 'advanced emerging markets.' This means they will not be upgraded for inclusion in FTSE's developed-markets indices and will not, therefore, see a rush of pension funds and other institutional investors, primarily in the UK, to invest in their stock markets.
Similarly, FTSE's equity index committee has decided not to include Chinese A shares into its global equity indices.
These three markets have been on FTSE's watch list for some time, and many portfolio managers believe Korea and Taiwan should be upgraded in the near future, based on the size...
