[뉴스핌=정지서 기자] 한국의 모간스탠리캐피털인터내셔널(MSCI) 선진국 지수 편입이 또다시 불발됐다.
MSCI지수를 운용하는 MSCI바라는 22일(현지시간) 성명서 발표를 통해 시장 평가 결과 지수 구성에 변동이 없다고 발표했다.
다만 오는 2011년까지 워치리스트에 포함된 한국에 대한 시장평가는 지속할 계획임을 밝혔다.
MSCI바라는 한국의 MSCI 선진지수 편입 실패와 관련해 "경제 발전과 증시 규모 및 유동성, 그리고 여러가지 시장 운영 기반 등은 선진 시장 기준을 충족한다"면서도, "하지만 투자자들은 특히 중요한 시장접근성 문제에 대해 계속 우려를 제기하고 있다"고 지적했다.
이들은 한국 증시는 "수 년간 시장 접근성 면에서 개선이 있었으나 아직 선진시장의 기준을 충족하기에 여전히 불충분하다"면서, "예를 들어 한국 원화의 활발한 역회시장의 부재, 역내 외환시장의 제한적인 거래시간 때문에 투자자들이 주식을 거래하려면 미리 자금을 조달해야 하는 불편함이 있다는 점"을 거론했다.
MSCI는 이어 "한국 현지은행의 해외투자자들에 대한 주식투자 자금 대출 제한이 철폐되는 것은 긍정적이며, 2010년 11월에 이 같은 대출 규제 완화가 효력을 발휘하면 투자자들이 그 효과를 시험하게 될 것으로 본다"고 덧붙였다.
한편 이날 함께 워치리스트에 속해있던 대만 역시 선진지수 편입에 실패했으며 워치리스트에 추가로 편입된 국가는 없었다.
다음은 MSCI 바라의 발표문 일부.
MSCI Announces the Results of the 2010 Annual Market Classification Review
Geneva - June 21, 2010 - MSCI Inc. (NYSE: MXB), a leading provider of investment decision support tools worldwide, announced today that there will be no changes in market classification as part of the 2010 Annual Market Classification Review. All countries that were considered for potential reclassification will remain under review for the 2011 Annual Market Classification Review. MSCI also released today the 2010 Global Market Accessibility Review for
each of the markets under its coverage.
As a reminder, every June MSCI communicates its conclusions following discussions with the investment community on the list of countries under review and announces the new list of countries, if any, under review for potential market reclassification in the upcoming cycle. For the current cycle starting today, MSCI will maintain on the review list the MSCI Korea and MSCI Taiwan Indices for a potential reclassification to Developed Markets as well as the MSCI
Qatar and MSCI UAE Indices for a potential reclassification to Emerging Markets. No other candidate will be added to the list of country indices under review for potential market reclassification. MSCI will communicate its decisions resulting from this Annual Market Classification Review in June 2011.
Review of Markets in the Review List
1) Korea: MSCI will maintain the MSCI Korea Index in Emerging Markets. The MSCI Korea Index will remain under review for a potential reclassification to Developed Markets as part of the 2011 Annual Market Classification Review.
Korea continues to meet most developed markets criteria of the MSCI market classification framework, notably economic development, market size and liquidity and many aspects of the market operational framework are at the level of developed market standards. However not all criteria are met and international institutional investors continue to express concerns related to certain important accessibility issues for Korea.
Some changes have come into effect over the last few years, but their impact remains insufficient to meet developed market standards according to the assessment of a number of market participants. For example, the removal of the real demand principle has provided investors some flexibility in the currency operations, but in the absence of an active offshore market for the Korean won and with the limited trading hours of the onshore spot currency market, investors are still required to pre-fund their trades. The decision to abolish restrictions on local banks to lend funds to international investors for securities investments is a positive development which will be tested by investors after it takes effect in November 2010.
MSCI지수를 운용하는 MSCI바라는 22일(현지시간) 성명서 발표를 통해 시장 평가 결과 지수 구성에 변동이 없다고 발표했다.
다만 오는 2011년까지 워치리스트에 포함된 한국에 대한 시장평가는 지속할 계획임을 밝혔다.
MSCI바라는 한국의 MSCI 선진지수 편입 실패와 관련해 "경제 발전과 증시 규모 및 유동성, 그리고 여러가지 시장 운영 기반 등은 선진 시장 기준을 충족한다"면서도, "하지만 투자자들은 특히 중요한 시장접근성 문제에 대해 계속 우려를 제기하고 있다"고 지적했다.
이들은 한국 증시는 "수 년간 시장 접근성 면에서 개선이 있었으나 아직 선진시장의 기준을 충족하기에 여전히 불충분하다"면서, "예를 들어 한국 원화의 활발한 역회시장의 부재, 역내 외환시장의 제한적인 거래시간 때문에 투자자들이 주식을 거래하려면 미리 자금을 조달해야 하는 불편함이 있다는 점"을 거론했다.
MSCI는 이어 "한국 현지은행의 해외투자자들에 대한 주식투자 자금 대출 제한이 철폐되는 것은 긍정적이며, 2010년 11월에 이 같은 대출 규제 완화가 효력을 발휘하면 투자자들이 그 효과를 시험하게 될 것으로 본다"고 덧붙였다.
한편 이날 함께 워치리스트에 속해있던 대만 역시 선진지수 편입에 실패했으며 워치리스트에 추가로 편입된 국가는 없었다.
다음은 MSCI 바라의 발표문 일부.
MSCI Announces the Results of the 2010 Annual Market Classification Review
Geneva - June 21, 2010 - MSCI Inc. (NYSE: MXB), a leading provider of investment decision support tools worldwide, announced today that there will be no changes in market classification as part of the 2010 Annual Market Classification Review. All countries that were considered for potential reclassification will remain under review for the 2011 Annual Market Classification Review. MSCI also released today the 2010 Global Market Accessibility Review for
each of the markets under its coverage.
As a reminder, every June MSCI communicates its conclusions following discussions with the investment community on the list of countries under review and announces the new list of countries, if any, under review for potential market reclassification in the upcoming cycle. For the current cycle starting today, MSCI will maintain on the review list the MSCI Korea and MSCI Taiwan Indices for a potential reclassification to Developed Markets as well as the MSCI
Qatar and MSCI UAE Indices for a potential reclassification to Emerging Markets. No other candidate will be added to the list of country indices under review for potential market reclassification. MSCI will communicate its decisions resulting from this Annual Market Classification Review in June 2011.
Review of Markets in the Review List
1) Korea: MSCI will maintain the MSCI Korea Index in Emerging Markets. The MSCI Korea Index will remain under review for a potential reclassification to Developed Markets as part of the 2011 Annual Market Classification Review.
Korea continues to meet most developed markets criteria of the MSCI market classification framework, notably economic development, market size and liquidity and many aspects of the market operational framework are at the level of developed market standards. However not all criteria are met and international institutional investors continue to express concerns related to certain important accessibility issues for Korea.
Some changes have come into effect over the last few years, but their impact remains insufficient to meet developed market standards according to the assessment of a number of market participants. For example, the removal of the real demand principle has provided investors some flexibility in the currency operations, but in the absence of an active offshore market for the Korean won and with the limited trading hours of the onshore spot currency market, investors are still required to pre-fund their trades. The decision to abolish restrictions on local banks to lend funds to international investors for securities investments is a positive development which will be tested by investors after it takes effect in November 2010.
