CHICAGO, Oct. 21, 2015 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced its annual Morningstar Indexes market classification review. The Morningstar Index Committee is making two changes to the emerging markets category. Effective at the June 2016 semiannual reconstitution, Morningstar will reclassify Greece from the developed category to emerging markets and Morocco from the emerging markets category to frontier market.
"Greece continues to experience political and economic instability, which poses significant risks to investors. In light of the uncertainty surrounding its future, Greece no longer meets the requirement of a developed market," Sanjay Arya, head of Morningstar Indexes, said. "The Moroccan equity market has seen a substantial drop in liquidity in the past few years and fails to meet the minimum liquidity standards that currently prevail in the emerging markets category."
Morningstar will continue to classify South Korea as an emerging market because it fails to meet international investors' accessibility requirements. The Committee will also continue to exclude China A-Shares from the emerging markets category due to restrictions on cross-border capital flows. The Morningstar Index Committee will continue to monitor the following countries for possible reclassification: China, Pakistan, Peru, Saudi Arabia, and South Korea.
Click here to read the 2015 Morningstar Indexes Market Classification Review.
Introduced in 2002, the Morningstar Indexes include a broad range of traditional beta global equity, fixed income, and commodity indexes that are also combined to form an asset allocation index series. Morningstar Indexes also offers a series of active equity indexes that draw on the equity, fund, and asset allocation research across the company. Currently, 53 investment products track Morningstar Indexes globally. For more information about all of Morningstar's indexes, visit http://indexes.morningstar.com.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement and management as of June 30, 2015. The company has operations in 27 countries.
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