Sri Lanka aims for MSCI Emerging Markets status (again)

But the CEO of the Colombo Stock Exchange says the journey is more important than the destination.

It may rank as the smallest constituent of MSCI’s Frontier Markets Asia Index behind Vietnam and Bangladesh, but Sri Lanka is a country with ambitions to stand alongside bigger rivals.

It wants to join the index provider’s benchmark Emerging Markets Index and has set itself a three-year timeframe to do so according to Rajeeva Bandaranaike, chief executive of the Colombo Stock Exchange CSE, in an interview with FinanceAsia.

Fund managers could be forgiven for taking this with a pinch of salt. MSCI’s most recent release shows Sri Lanka now has a 6.62% weighting in the MSCI Frontier Markets Asia Index and does not...

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