Twice a year we announce the results of our Country Classification Reviews for fixed income and equity markets. Investors require an objective framework for evaluating and investing in either market, so our approach to country classification follows a comprehensive and transparent process, informed by feedback from a broad set of independent market participants and index users.
This time round it’s fair to say that the most significant developments in the latest announcement are in fixed income.
Saudi Arabian Government bonds will be included in the FTSE Emerging Markets Government Bond Index (EMGBI) after its market accessibility level was upgraded from “0” to “1”. Index inclusion of Saudi Arabian sukuk is also scheduled to start in April. We will continue to engage with the relevant Saudi Arabian market authorities regarding the levels of foreign holdings in Saudi Arabian government bonds and domestic market liquidity.
You can now read the full blog post at the link below