Pakistan’s Status Grows in Indexes
Pakistan has gotten a leg up from the indexing world and could get more attention from investors because of it. In May, index provider MSCI Inc. decided to give Pakistan emerging-market status and added it to the MSCI Emerging Markets Index. MSCI had previously classified the country as a frontier market. Emerging markets are more economically developed than frontier markets by definition and generally are considered less risky by investors. Much more money is…