Down, Down, Down

by Andrew Stuttaford

From FT/Alphaville:

Poor Argentina.

Once it was a ‘Developed’ economy, for investment purposes. Then it stepped down to become ‘Advanced Emerging’ (unintuitively), before becoming plain ‘Secondary Emerging.’  Next came relegation to ‘Frontier’ (‘wild’, rather than ‘new’). And now this…

“The following markets have been confirmed as Watch List countries at this Review:

“Argentina – Possible demotion from Frontier

That’s from the FTSE Group’s annual country classification review.  There’s nothing below ‘Frontier” in FTSE’s world view.

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