Argentina on Review for Emerging-Market Status After Macri Moves

Source: Bloomberg
By: Carolina Millan

Argentina is one step closer to regaining its status as an emerging market as MSCI Inc. considers the possibility of an upgrade that could lure new investors.

The market in South America’s second-largest economy will be included in MSCI’s 2017 annual market review to determine if the nation is ready to leave its frontier status after seven years, the New York-based firm said in a statement.

The review comes as President Mauricio Macri takes steps aimed at jump-starting growth and restoring investor confidence. Since taking office in December, he’s eliminated most capital controls, scrapped some export taxes and reached a deal with creditors from the nation’s historic default in 2001.

A reclassification by MSCI, whose indexes are the benchmark for more than $10 trillion in assets worldwide, could bring a surge of capital from investors who wouldn’t put their money in a frontier market, a grade shared by countries such as Kazakhstan and Morocco. Funds with about $1.7 trillion in assets track MSCI’s emerging-market index, compared with just $26 billion for the frontier gauge.


  • VII Concurso Internacional de Vinhos do Brasil (Wine)
  • New York Times 36 Hours in Buenos Aires
  • Alternative Latin Investor
  • Artful Living (Mansion)
  • Avid Magazine (AWE)
  • BlackBook Mag (Mansion)
  • CNN (AWE)
  • Conde Nast Traveler (Mansion)
  • Delta Sky Magazine (Mansion)
  • Departures (AWE)
  • Elite Traveler (Mansion)
  • Finger Lakes International Wine Competition (Wine)
  • Fodor's Choice 2013 (Mansion)
  • Fodor's Choice 2013 (Wine Estates)
  • Fodors (AWE)
  • Forbes Life (Mansion)
  • Frommer's Best Vineyards & Hotels Around the World
  • Andrew Harper’s Grand Awards 2013
  • International Wine Challenge U.K.
  • 2013 International Wine & Spirit Competition (Wine)
  • Kiwi Collection (Mansion)
  • Kiwi (AWE)
  • National Geographic Traveller 2012
  • Order Wine Direct (Wine)
  • Robb Report Exceptional Places 2012
  • Tablet Hotels (Mansion)
  • Telegraph (AWE)
  • Mediterranean International Wine & Spirits Challenge (Wine)
  • Travel+Leisure
  • Trip Advisor Top 25 Hotels for Romance Argentina
  • Unique Homes (AWE)
  • USA Today (Mansion)
  • 2013 Vinalies Internationales Paris d'or (Wine)
  • Vinandino 2013 (Wine)
  • VINUS 2014 (wine)
  • WAWWJ 2014 (Wine)
  • Wine Enthusiast (AWE)