by Qontigo
Zug April 24, 2020 – Qontigo today announced the results of the annual Country Classification review for STOXX indices.
As of September 21, 2020, out of the 65 countries in the STOXX index universe that were reviewed, 25 will beclassified as developed markets, and 21 classified as emerging markets. The remainder did not match the criteria for either classification.
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A full list of countries including their classification can be found under the dedicated country classification section of the STOXX website: https://www.stoxx.com/country-classification.
There will be no changes in the classification of the 65 countries in the STOXX index universe.
- Argentina will remain as not classified and captured in the Watch List in line with section 4.3 of the STOXX Index Methodology Guide.
- Czech Republic will remain classified as an emerging market and captured in the Watch List in line with section 4.3 of the STOXX Index Methodology Guide.
- Luxembourg will remain classified as a developed market and captured in the Watch List following a STOXX governance decision and in line with section 4.3 of the STOXX Index Methodology Guide.
The STOXX market classification model relies on a completely rules-based and transparent methodology, and is the first such concept to exclude any subjective decisions from the process. The six criteria for the classification of a country as a developed market include macroeconomic data, market cap, market liquidity, free currency convertibility on onshore and offshore markets, restrictions on capital flows, and governance based on political stability, control of corruption and regulatory quality. The data source for the diverse criteria are highly renowned and independent global organizations (i.e. World Bank, Thomson Reuters and PricewaterhouseCoopers).
For more information on the STOXX indices, please visit www.stoxx.com
