FTSE Equity
Country Classification
The economic reality of many countries today places them in an “in-between” category – clearly not an Emerging market, but not yet qualified as a Developed market.
FTSE’s unique 4-tiered Country Classification structure, which includes an Advanced Emerging category, bridges this gap and can be used to further define an investing universe and provide added flexibility in the development of a portfolio strategy.
Discover how each market is classified
DEVELOPED
SECONDARY EMERGING
FRONTIER
ADVANCED EMERGING
Mexico
Slovenia
Macedonia
Tunisia
South Africa
Nigeria
Chile
Hong Kong
Pakistan
Philippines
Portugal
Hungary
South Korea
Belgium/Luxembourg
Denmark
Argentina
Israel
FTSE Equity Country Classification
Japan
Egypt
Mauritius
Kazakhstan
Australia
Sweden
Croatia
Latvia
UAE
Russia
Estonia
Source: FTSE Russell. As of March 29, 2019
For more information please visit: http://www.ftserussell.com/products/indices/country-classification
*China A shares to be reclassified as Secondary Emerging commencing from June 2019 and to be completed by March 2020
** Saudi Arabia reclassification to Secondary Emerging market status commenced from March 2019 and to be completed by March 2020
*** Iceland to be reclassified as Frontier, effective in conjunction with the annual review of the FTSE Frontier Index in September 2019
Bulgaria
Jordan
Indonesia
UK
Serbia
Palestine
SECONDARY
EMERGING
Thailand
Bangladesh
China A*
Czech Republic
New Zealand
France
Ireland
Canada
Austria
Singapore
DEVELOPED
Italy
ADVANCED
EMERGING
Iceland***
Malta
Colombia
Greece
Norway
Sri Lanka
Poland
Lithuania
Slovakia
Morocco
FRONTIER
Peru
Kuwait
Germany
Spain
Côte d'Ivoire
Taiwan
Bahrain
Oman
Romania
China
USA
Turkey
Finland
Netherlands
Brazil
Switzerland
India
Saudi Arabia**
Kenya
Select a country to review its regional Quality of Markets Assessment Matrix
Vietnam
Qatar
Cyprus
Ghana
Botswana
Malaysia
For more information about our indexes, please visit ftserussell.com
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