Malaysia's elevation to Advanced Emerging market status from Secondary Emerging market status in the FTSE Global Equity Index Series took effect yesterday, 20 June 2011.
Global index provider FTSE Group first announced Malaysia's progression to the FTSE Advanced Emerging Market in September last year after the country met the "Quality of Markets Assessment" criteria for the category.
Dato' Tajuddin Atan, Chief Executive Officer of Bursa Malaysia Berhad, said, "We are very pleased that Malaysia is now officially on the Advanced Emerging list. This will raise the country's profile further as FTSE is a major indexing group. FTSE's recognition highlights the continuous effort and commitment by the Government, regulators and market participants to build a market of quality. This will attract more investments from global investors.
Malaysia now joins Brazil, Czech Republic, Hungary, Mexico, Poland, South Africa, Taiwan and Turkey in the Advanced Emerging market category.
Malaysia joined the FTSE Watch List for possible inclusion in the Advanced Emerging market status in 2009 when FTSE announced the results of its Country Classification Annual Review in September 2009.
Please refer to FTSE Country Classification updates on FTSE's website at www.ftse.com/country.
