Get more! Sign up for PLANSPONSOR newsletters.
Investing September 14, 2004
No Changes in FTSE Global Equity Indices for 2005
September 14, 2004 (PLANSPONSOR.com) - No changes
will be made to the FTSE Global Equity Index Series during
2005, according to the FTSE Equity Index Committee, a move
that comes after extensive consultation on the classification
of multiple countries in Asia.
Reported by Kip McDaniel
Following a six-month consultation process between FTSE and stock exchanges around the world, FTSE concluded that no country met the criteria to move to a new category (ie. designation as developed or emerging market).
The committee confirmed that a watch list consisting of South Korea, Taiwan, and China will be scrutinized over the next 12 months to determine changes in the countries’ status. FTSE will give investors a six-month warning period before changing the status of any country, and thus no changes are expected to occur before March of 2006, according to the committee.