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UAE and Qatar's S&P reclassification to Emerging Markets on Sept 22

UAE and Qatar's S&P reclassification to Emerging Markets on Sept 22
S&P Global BMI indices will undergo their annual reconstitution effective 22 September 2014. The much-awaited major event will witness the reclassification of Qatar and UAE from Frontier status to Emerging status. Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time. After the reclassification, Qatar and the UAE will represent approximately 0.9% and 1.0% respectively of the S&P Emerging BMI indice and approximately 0.09% and 0.10% of the S&P Global BMI. The S&P UAE BMI will include 30 components with the largest weight for Emaar Properties, First Gulf Bank and National Bank of Abu Dhabi. As for Qatar, it will include 27 components with largest weight for Qatar National Bank, Masraf Al Rayan and Ooredoo The largest countries in the S&P Emerging BMI will be China (24.0%), Taiwan (14.1%), Brazil (11.3%) and India (10.0%).