Argentina is poised for an economic breakthrough as MSCI considers upgrading its market classification.This change could unlock about $1 billion in global investments for Argentina’s stock market.Historically, Argentina faced exclusion from MSCI’s Emerging Markets Index. This was due to strict capital controls and limited market access set in 2021.JPMorgan projects that four major companies—YPF, Grupo Financiero Galicia, Banco Macro, and Pampa Energia—would be featured in the “Argentina Standard” index.
August 20, 2024
SOURCE: RIO TIMES
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Investment Influx Awaits as Argentina Nears MSCI Upgrade to Emerging Market