Following a six-month consultation process between FTSE and stock exchanges around the world, FTSE concluded that no country met the criteria to move to a new category (ie. designation as developed or emerging market).
The committee confirmed that a watch list consisting of South Korea, Taiwan, and China will be scrutinized over the next 12 months to determine changes in the countries’ status. FTSE will give investors a six-month warning period before changing the status of any country, and thus no changes are expected to occur before March of 2006, according to the committee.
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