UAE, Qatar MSCI upgrade expected by mid-May

April 13, 2014 1:06 am

Deutsche Bank has said that global index compiler MSCI is expected to finalise the constituent list for Qatar and UAE in their May Semi-Annual Index Review (SAIR) and an official announcement can be expected on May 14, 2014, the Peninsula has reported. When Qatar and UAE will be officially inducted into the MSCI EM index, more funds will flow into the market because these markets will then come under the purview of passively managed funds that track the EM index, said Deutsche Bank analyst, Aleksandar Stojanovski. “Market conditions are turning favourable for foreign investors,” he said.