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Stock impact report

Vietnam Scraps Stock Pre-Funding Rule With Eye on Market Upgrade [Yahoo! Finance]

MSCI Inc (MSCI) 
Last msci inc earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.msci.com
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The new rule takes effect Nov. 2, the finance ministry said in a circular late Wednesday. It resolves a long-standing barrier that has prevented rating agencies from upgrading the nation from its frontier status, which has discouraged large funds from investing in that market. The regulatory change bolsters Vietnam's case for an upgrade by FTSE Russell, which placed the country on its watch list in September 2018 due to slow progress in improving access to local equities. Enhanced market access may help attract more overseas flows to one of Southeast Asia's fastest-growing economies this year. “With expectations of an upgrade happening in 2025, I expect large cap blue-chip companies to do well,” said Ruchir Desai, a co-fund manager at AFC Asia Frontier Fund. The pre-funding rule “was the major sticking point,” he said. FTSE will likely upgrade Vietnam within the next 12 months, leading to more than $500 million of passive inflows, and a likely revisio Show less Read more
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