MSCI Will Postpone the Implementation Date of the MSCI Kuwait Indexes Reclassification
MSCI Inc (MSCI)
Last msci inc earnings: 4/28 07:00 am
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Source: Business Wire
LONDON--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced today that it will postpone the implementation of the reclassification of the MSCI Kuwait Indexes to Emerging Markets until the November 2020 Semi-Annual Index Review (SAIR). While the Kuwaiti equity market remains functional the decision to postpone is related to the impact that the COVID-19 pandemic is having on the ability of international institutional investors to fully perform all the preparation work required ahead of the implementation.MSCI would like to emphasize that the MSCI Kuwait Indexes continue to meet all the necessary criteria for a classification in Emerging Markets but temporary measures that have been introduced globally by different authorities, corporations and institutional investors which aim to mitigate the COVID-19 pandemic may result in significant operational challenges around the required preparation to implement the index reclassifica
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