MSCI may cut Bulgaria from Frontier index, add Jamaica, West Africa

May 13, 2016 7:46 AM

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LONDON May 13 U.S. index provider MSCI will launch a consultation on whether to cut Bulgaria from its Frontier Markets index, and the firm plans to add Jamaica and the West African Economic and Monetary Union (WAEMU) Countries Index to the benchmark.

A steady decline in the size and liquidity of the Bulgarian equity market meant the current number of securities classified by MSCI as "investable" had dropped below the minimum required for inclusion in its Frontier benchmark, MSCI said in a statement released on its web site late on Thursday.

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