A potential upgrade for Argentina to emerging market status from index provider MSCI could see nearly $1 billion in investor money pour into the country’s stocks, JPMorgan said on Tuesday.
MSCI classifies Argentina as a Standalone Market rather than as part of its widely followed suite of emerging market indexes. The index provider relegated Argentina in November 2021 amid market accessibility issues, including tough capital controls that limited investors’ ability to replicate the index.
Source: REUTER
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