MSCI adds Kuwait to Emerging Markets Index in 'new era' for ETF investment

The New York-based MSCI has announced that the Gulf state of Kuwait has been upgraded to emerging markets status on its global index. According to KMEFIC, a leading Kuwait asset management firm, this will generate increased interest in Kuwait single country ETFs and locally listed equities. "The upgrade could have very positive implications for Kuwait equities," explains Abdullah Albusairi, Director of KMEFIC. "The most likely effect will be passive inflows into these stocks, especially as they will be included in the MSCI Emerging Markets Index when it is rebalanced in May 2020." ...