MSCI 2022 market classification assessment

• Just MSCI The Nigerian index may be reclassified from the frontier market to the independent market for negotiation
• Focus on the evolution of global market clearing and settlement cycles
• Continue to monitor the market accessibility of Sri Lanka's stock market
• Attention is drawn to the impact of continuing sanctions on the accessibility of the Russian stock market

A leading provider of key decision support tools and services to the global investment community MSCI Inc. (NYSE: MSCI) It's announced today MSCI 2022 Results of market classification evaluation in .

Global head of index research and product development 、MSCI Chairman of the index Policy Committee Dimitris Melas Doctor said ：“ During this year's evaluation , The deterioration of the market accessibility rating is largely due to the negative development of the Russian domestic market , As a result, international institutional investors are completely unable to access their stock markets , And lead to MSCI Russia index at 2022 year 3 In June, it was reclassified from emerging market to independent market .”

Just MSCI The possibility that the Nigerian index will be reclassified as an independent market

MSCI Announced today , It's possible that MSCI The proposal to reclassify the Nigerian index from a frontier market to an independent market .

since 2020 year 3 Since the month , There has been a problem of accessibility in the Nigerian stock market . Due to the low liquidity in Nigeria's foreign exchange market , It is still extremely difficult for foreign investors to recover funds from their investments in this market . therefore , Market participants are constantly responding to MSCI Nigeria is concerned about the investability and reproducibility of the index .

MSCI Member of the index Policy Committee and global head of index management research Craig Feldman Sir said ：“ The ability to repatriate funds from Nigeria continues to deteriorate significantly . therefore , since 2020 year 5 Since the month , A special treatment has been implemented , Designed to reduce related MSCI Potential changes in the stock index . In view of the long-term nature of the problems affecting market accessibility , We propose to MSCI Advice on the reclassification of the Nigerian index from the frontier market to the independent market state .”

MSCI Market participants are welcome to 2022 year 8 month 31 Provide feedback on the reclassification proposal by .

New changes in the securities settlement cycle

2022 year , India began to change its settlement cycle from T+2 The transition to T+1. Besides , Both the United States and Canada announced last year that the settlement cycle would be changed from T+2 Shorten to T+1 Proposal for .

Feldman Sir said ：“ In the selected stock market , We observe that clearing and settlement mechanisms are transitioning to shorter cycles . Although, in principle, investors may benefit from a shorter settlement cycle , But it is important to assess whether the consequences of this change will create any obstacles , Such as pre financing requirements or additional operating costs .”

MSCI These changes and their potential impacts will continue to be closely monitored , Further information will be released as required .

Market accessibility in Sri Lanka

In the ongoing economic crisis in Sri Lanka , Due to the lack of liquidity in the foreign exchange market , This year, the stock market of the country began to face the problem of capital repatriation . In response to these changes ,2022 year 5 month ,MSCI A special treatment was introduced , In order to reduce MSCI The number of potential changes in Sri Lanka's index .

MSCI Continue to welcome feedback on the level of accessibility to the Sri Lankan stock market , And will consult with market participants , To gather feedback on any further developments .

The market accessibility of the Russian stock market has deteriorated

Many significant developments have led to a serious deterioration in the accessibility of the Russian stock market . These include sanctions against Russia from multiple jurisdictions , Restrictions on the ability of foreign investors to trade securities on the Moscow stock exchange , And the deterioration of the exchange of russian rubles into foreign currencies .

therefore , After consulting with the international investment community ,MSCI On 2022 year 3 Months will MSCI The Russian index has been reclassified from emerging markets to independent markets .

MSCI The development of Russian stock market accessibility will continue to be monitored , If there is any relevant change in market conditions , Market participants will be consulted .

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