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Pakistan booted from the MSCI EM index ... index upheaval follows!
Pakistan was downgraded by MSCI this week from an emerging market to a frontier one. That means that funds tracked the MSCI EM index will need to eliminate the Pakistani holdings.
Which represent, in total, 0.02% of the index. The US has a 17x greater weight in the index than Pakistan does, so the actual upheaval might be on a manageable scale.
