Chart of the week: Kuwait's stockmarket is ready for take-off

Kuwait's stockmarket is due to be promoted from “frontier” status to an emerging market by index provider MSCI next June. That should entice almost $10bn of global investors’ cash into the country.

By MoneyWeek

Published 25 November 2019 In Features

The KMEFIC FTSE Kuwait Equity UCITS ETF (LSE: KUWP) has made little progress since HANetf launched it in London earlier this year. But that could soon change. Kuwait is due to be promoted from a "frontier" market to an emerging one by index provider MSCI next June. That should entice almost $10bn of global investors' cash into the market, reckons HANetf.

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