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MSCI Delays Indonesia’s Market Status Review Until November

MSCI Delays Indonesia’s Market Status Review Until November
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MSCI Delays Indonesia’s Market Status Review Until November MSCI Inc. again decided to postpone its review on Indonesian equities, saying it needs more time to see whether recently announced transparency reforms are effective. The index compiler said the country’s moves regarding enhanced disclosures, more granular investor classification and a roadmap to raise the minimum free-float requirement to 15% are a step in the right direction. Still, what matters for global investors is the...

MSCI Delays Indonesia’s Market Status Review Until November MSCI Inc. again decided to postpone its review on Indonesian equities, saying it needs more time to see whether recently announced transparency reforms are effective. The index compiler said the country’s moves regarding enhanced disclosures, more granular investor classification and a roadmap to raise the minimum free-float requirement to 15% are a step in the right direction. Still, what matters for global investors is the consistent implementation and sustained effect of such measures in the market, it said in a Tuesday release.
MSCI (LOCATION) Indonesia (LOCATION) Market Status Review (ORG) November MSCI Inc. (ORG) Indonesian (ORG)
Originally published by Bloomberg Markets Read original →