Jun
19
Will Argentina Be Upgraded to Emerging Market Status? Here’s What Wall Street Has to Say
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Analysts hedge their bets, but see 60%-70% chance of upgrade
- MSCI cut Argentina to frontier market status in 2009
It hasn’t been easy being an Argentine stock investor, but Wall Street analysts aren’t losing hope.
The country’s stocks are headed for the worst year in almost a decade after a currency rout, adding to the anticipation over a decision by index provider MSCI Inc, which tomorrow will announce if it will reclassify stocks to emerging market status. An upgrade will allow funds which track over $1 trillion to invest in the country’s equities, leading to about $3.8 billion of inflows to the local stock market, according to an estimate by JPMorgan Chase & Co…
Will Argentina Be Upgraded to Emerging Market Status? Here’s What Wall Street Has to Say
