Argentina loses its hard-won emerging market status on FX controls

Argentine stocks were cut from emerging market status by index provider MSCI Inc on the country’s continued capital controls joining Lebanon, Palestine, Ukraine, Botswana and Zimbabwe. The downgrade to “standalone” status, which comes just three years after the index provider raised the country’s shares from frontier to emerging-market status, was prompted by Argentina’s ongoing capital controls, according to a statement published Thursday evening. The world’s largest index provider had signaled…
Real Estate and Investment News from South America
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