Peru Fighting to Keep Emerging Market Designation

One word is causing a lot of concern in Peru: Frontier.

It may sound like a tiny little detail, but the difference between an “emerging” and a “frontier” market is a big deal to investors and a country’s leadership.

In the developing world, that little word change is like going from the varsity team to the junior varsity squad.

The index company MSCI is currently in the process of deliberations over whether it should demote Peru from its class of emerging market countries to frontier markets. MSCI says only three stocks in Peru meet its requirements for emerging markets.

via CNN

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza