The bottom of the index ladder: a market excluded from both emerging and frontier indexes, so mainstream index funds are not required to hold it. MSCI reserves the label for severe problems in access, size or liquidity.
独立市场
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Indonesia stocks sink most in 28 years on MSCI downgrade warning 独立市场 · 第 4 张术语卡 | Why it matters here ▸ This is the proposed destination. Today no Asian market carries the label; Argentina, Lebanon and Palestine are among those that do. 对一国市场来说，「独立市场」几乎等于被全球被动资金除名：估值再便宜，也没有自动买盘。上一个被这样对待的是阿根廷。这次市场反应如此剧烈，是因为它改变的不是基本面，而是「谁能买、谁能卖」的规则。 |