Wednesday, September 26, 2012
FTSE Group (“FTSE”), a leading global index provider, has announced the results of its Annual Country Classification Review – 2012.
This year, the FTSE Policy Group has not reclassified any countries but has added two further countries to the current Watch List of seven countries being considered for promotion or demotion between FTSE’s market classifications: Argentina is listed for possible removal from the Frontier classification while Mongolia is under consideration for possible inclusion in the Frontier category.
Argentina is listed for possible demotion from Frontier due to continuing stringent capital controls imposed on international investors and the perceived lack of an independent regulatory authority to protect the rights of shareholders. Argentina was demoted from Secondary Emerging to Frontier in 2010. Mongolia will join the Watch List for possible inclusion as a Frontier market based on its progress in developing a market infrastructure that is attractive to foreign investors through improvements to its trading, settlement and custody arrangements.
For full text of this article, visit http://www.cpj.org/reports/2012/09/amid-government-media-fight-argentine-journalism-suffers.php