Did You Know? Israel Joins List of Developed Equity Markets
Influential investment analyst MSCI is upgrading the status of Israel to developed from emerging market. Israel’s upgrade will take place in May 2010, when the MSCI Israel Index will be included in the MSCI World Index and in the MSCI EAFE (Europe, Asia and Far East) Index. The move should draw more investors into Israel’s equity markets, since many are allowed to invest only in developed markets. Read more in the New York Times.
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