Changes are ahead for ETFs linked to frontier and emerging markets.
During MSCI’s semi-annual index review, Qatar and the United Arab Emirates were upgraded away from frontier to emerging markets. At the end of April, both countries represented over 33% of country exposure in the iShares MSCI Frontier Markets ETF (FM). But with both countries now gone, stocks from Kuwait and Nigeria will increase weighting inside FM’s country allocation. The changes take effect in early June.