MSCI maintains emerging-market status of Korea, Taiwan indexes for now

By Angela McDaniels

Tacoma, Wash., June 21 - MSCI Inc. decided to maintain the emerging-market status of the MSCI Korea index and the MSCI Taiwan index, according to a company news release.

The indexes will remain under review for potential reclassification to developed markets as part of the company's 2012 annual market classification review, the results of which will be announced in June 2012.

In addition, the 2011 review period for the potential reclassification of the MSCI Qatar index and the MSCI UAE index from frontier-market status to emerging-market status has been extended to December.

The company said the extension was made in order to give additional time for market participants to assess the impact of the recent positive changes implemented in these two markets and to provide more time to regulators and stock exchanges to address concerns raised by international institutional investors.

As part of the 2012 review, there will be no new candidates added to the list of country indexes under review for potential market reclassification.

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