Romania officially becomes Emerging Market following FTSE Russell decision
The Romanian Banking Association (ARB) welcomes the implementation of the FTSE Russell decision on the promotion of the Romanian capital market to the status of Secondary Emerging Market, starting with September 21, 2020, along with the inclusion of shares issued by Banca Transilvania and Societatea Națională Nuclearelectrica as part of the FTSE Global Equities Index Series (GEIS).
ARB vows to continue to contribute to the development of the Romanian capital market and has the strategic objective to obtain the status of full emerging market from the profile institutions (FTSE Russell and MSCI).
The reclassification of the Romanian capital market to the status of secondary emerging market takes place one year after the official announcement of FTSE Russell in September 2019 and could attract new investments to the Bucharest Stock Exchange from specialized investment funds in emerging markets.
The FTSE Russell decision comes as a result of the formal evaluation process that included the collection of information from public institutions and the Bucharest Stock Exchange, along with the calibration of information received versus the perception of institutional investors already trading in the local market. The efforts made in recent years by the regulatory authorities together with the profile associations, together with the members of the Romanian Association of Banks and the Bucharest Stock Exchange have led to a significant improvement of the image of the financial market in Romania.
FTSE Russell, part of the London Stock Exchange Group, is a leader in providing global indices, providing innovative solutions to investors around the world. The FTSE Russell calculates thousands of indices that measure and evaluate markets and asset classes in more than 80 countries, covering 98% of the global investible / capital market.