The transition from the emerging markets index to the world index

The Debate

We consider what defines an emerging market and what happens to markets once they have emerged

This week's Conjecture focuses on emerging markets, primarily what the name actually means in terms of stock markets and economies. Taking part in the debate were Kim Catechis, head of global emerging markets at Scottish Widows Investment Partnership, and Julian Thompson, head of global emerging markets at Threadneedle. How would you define an emerging market? Julian Thompson (JT): We use the MSCI Emerging Markets Free index for the primary definition but the way to think of emerging markets is everything that is not in the MSCI World index. There are countries like Kazakstan and various ...