Wednesday, Dec 14, 2011
0717 GMT [Zawya Dow Jones]--Investment bank EFG Hermes says an MSCI upgrade to emerging market status, from frontier, would imply weights of 0.1% for the U.A.E. and 0.4% for Qatar. Reckons it's worth estimating index weights in the event of an upgrade, given that the case against an upgrade is not as clear cut as before. "We calculate the U.A.E. could account for 0.11% and Qatar 0.37% of the EM index, implying new AUMs for GEM and EMEA funds alone of $300 million for the U.A.E. and $1 billion for Qatar," EFG says in a recent client note. Reckons this could raise average trading activity by 10% in the U.A.E. and 23% in Qatar. (nikhil.lohade@dowjones.com)
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(END) Dow Jones Newswires
14-12-11 0721GMT
