FTSE Equity
Country Classification
Discover how each market is classified
DEVELOPED
ADVANCED EMERGING
SECONDARY EMERGING
FRONTIER
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.
Bahrain
Bangladesh
Botswana
Bulgaria
Côte d'Ivoire
Croatia
Cyprus
Estonia
Ghana
Jordan
Iceland
Kazakhstan
Kenya
Latvia
Lithuania
Macedonia
Malta
Mauritius
Morocco
Nigeria
Oman
Palestine
Romania
Serbia
Slovakia
Slovenia
Sri Lanka
Tunisia
Vietnam
FRONTIER
Chile
China
China A
Colombia
Egypt
India
Indonesia
Kuwait
Pakistan
Peru
Philippines
Qatar
Russia
UAE
SECONDARY
EMERGING
Brazil
Czech Republic
Greece
Hungary
Malaysia
Mexico
Poland
South Africa
Taiwan
Thailand
Turkey
ADVANCED
EMERGING
Australia
Austria
Belgium/Luxembourg
Canada
Denmark
Finland
France
Germany
Hong Kong
Ireland
Israel
Italy
Japan
Netherlands
New Zealand
Norway
Portugal
Singapore
South Korea
Spain
Sweden
Switzerland
UK
USA
DEVELOPED
FTSE Equity Country Classification
Select a country to review its regional Quality of Markets Assessment Matrix
Source: FTSE Russell. As of September 2020. For more information please visit: http://www.ftserussell.com/equity-country-classification
Saudi Arabia
Tanzania
About FTSE Russell
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
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Country Classification announcement
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