FIN 621 Chapter Notes - Chapter 8: London Stock Exchange, Nyse American, Msci
6 Dec 2014
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Document Summary
A statistical perpective: growth in equity capital not been spread evenly among advance countries. S&p classify stock market as emerging meets at least one of 2 criteria. Located in a low- middle income economy and/or o: market capitalization is low relative to gdp. Size, growth and development of equities markets in emerging markets demonstrate that equities markets are no longer restricted to wealth industrial nations. Strong, sound, vibrant equities market indicates institutional strength in a country reassuring to multinational enterprises planning operations there. Equities markets emerging nationals command ha attention of major international investors mutual and pension funds. Emerging markets expand listings liquidity and trading volumes: role of emerging markets in international diversification increases. First time firm sells shares initial public offering or ipo. Shares issued by companies and purchased by investors available to traded among investors: outstanding shares trade do not supply fresh funds among investors o.
