Financial Times Stock Exchange’s (FTSE) move to upgrade Malaysia to the status of advanced emerging markets from secondary emerging markets within its Global Equity Index Series underlines the global recognition of the regulatory framework of the Malaysian capital market, says Securities Commission chairman Tan Sri Zarinah Anwar.
• The move could lead to greater international participation in the local stock market.
Malaysia will be moved from the FTSE Secondary Emerging Market Indices into the FTSE Advanced Emerging Market Indices, and all parent and sub-indices of these benchmarks, from June-11.
• Malaysia joined the FTSE Watch List for possible inclusion in the advanced emerging market status a year ago when FTSE announced the results of its country classification annual review in Sep-09.
• Bursa Malaysia CEO Datuk Yusli Mohamed Yusoff said the country is now ready to take on a new level of challenge following its FTSE promotion, Yusli added that the upgrade marked another milestone in the development of the local market. (BT)
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