Developed market

Last updated

In investing, a developed market is a country that is most developed in terms of its economy and capital markets. The country must be high income, but this also includes openness to foreign ownership, ease of capital movement, and efficiency of market institutions. This term is contrasted with developing market (emerging markets and frontier markets are types of developing markets).

Contents

FTSE Group list

As of October 2024, FTSE Group classifies the following 26 countries as developed markets: [1]

MSCI list

As of June 2024, MSCI classified the following 23 countries as developed markets: [2]

S&P list

As of October 2024, Standard and Poor's classifies the following 25 countries as developed markets: [3]

STOXX list

As of September 2024, STOXX classifies the following 25 countries as developed markets: [4]

Table

Country FTSE [1] MSCI [2] S&P [3] STOXX [4]
Flag of Australia (converted).svg  Australia Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Austria.svg  Austria Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Belgium (civil).svg  Belgium Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Canada (Pantone).svg  Canada Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Denmark.svg  Denmark Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Finland.svg  Finland Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of France.svg  France Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Germany.svg  Germany Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Hong Kong.svg  Hong Kong Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Ireland.svg  Ireland Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Israel.svg  Israel Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Italy.svg  Italy Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Japan.svg  Japan Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Luxembourg.svg  Luxembourg Green check.svgRed x.svgGreen check.svgGreen check.svg
Flag of the Netherlands.svg  Netherlands Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of New Zealand.svg  New Zealand Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Norway.svg  Norway Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Poland.svg  Poland Green check.svgRed x.svgRed x.svgGreen check.svg
Flag of Portugal.svg  Portugal Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Singapore.svg  Singapore Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of South Korea.svg  South Korea Green check.svgRed x.svgGreen check.svgRed x.svg
Flag of Spain.svg  Spain Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Sweden.svg  Sweden Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of Switzerland (Pantone).svg   Switzerland Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of the United Kingdom.svg  United Kingdom Green check.svgGreen check.svgGreen check.svgGreen check.svg
Flag of the United States.svg  United States Green check.svgGreen check.svgGreen check.svgGreen check.svg

See also

Related Research Articles

<span class="mw-page-title-main">DAX</span> Blue chip stock market index

The DAX is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard's 40 largest German companies in terms of order book volume and market capitalization. DAX is the equivalent of the UK FTSE 100 and the US Dow Jones Industrial Average, and because of its small company selection it does not necessarily represent the vitality of the German economy as a whole.

<span class="mw-page-title-main">Ping An Insurance</span> Chinese insurance company

Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well". It is ranked as China’s 5th largest company.

An emerging market is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were in the past. The term "frontier market" is used for developing countries with smaller, riskier, or more illiquid capital markets than "emerging". As of 2006, the economies of China and India are considered to be the largest emerging markets. According to The Economist, many people find the term outdated, but no new term has gained traction. Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion. Emerging market economies’ share of global PPP-adjusted GDP has risen from 27 percent in 1960 to around 53 percent by 2013. The ten largest emerging economies by nominal GDP are 4 of the 9 BRICS countries along with Mexico, South Korea, Indonesia, Turkey, Saudi Arabia, and Poland. The inclusion of South Korea, Poland, and sometimes Taiwan are questionable given they are no longer considered emerging markets by the IMF and World Bank If we ignore those three, the top ten would include Argentina and Thailand.

The KSE-100 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.

<span class="mw-page-title-main">MSCI</span> American financial service provider

MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate products. It operates the MSCI World, MSCI All Country World Index (ACWI) and MSCI Emerging Markets Indices among others.

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB, a classification structure maintained by FTSE Group.

The MSCI EAFE Index is a stock market index that is designed to measure the equity market performance of developed markets outside of the U.S. & Canada. It is maintained by MSCI Inc., a provider of investment decision support tools; the EAFE acronym stands for Europe, Australasia and Far East.

<span class="mw-page-title-main">MSCI World</span> Stock Index

The MSCI World is a widely followed global stock market index that tracks the performance of around 1500 large and mid-cap companies across 23 developed countries. It is maintained by MSCI, formerly Morgan Stanley Capital International, and is used as a common benchmark for global stock funds intended to represent a broad cross-section of global markets.

<span class="mw-page-title-main">S&P Europe 350</span>

The S&P Europe 350 Index is a stock index of European stocks.

Style investing is an investment approach in which securities are grouped into categories, and portfolio allocation is based on selection among "styles" rather than among individual securities.

SPDR funds are a family of exchange-traded funds (ETFs) traded in the United States, Europe, Mexico and Asia-Pacific and managed by State Street Global Advisors (SSGA). Informally, they are also known as Spyders or Spiders. SPDR is a trademark of Standard and Poor's Financial Services LLC, a subsidiary of S&P Global. The name is an acronym for the first member of the family, the Standard & Poor's Depositary Receipts, now the SPDR S&P 500 Trust ETF, which is designed to track the S&P 500 stock market index.

A frontier market is a term for a type of developing country's market economy which is more developed than a least developed country's, but too small, risky, or illiquid to be generally classified as an emerging market economy. The term is an economic term which was coined by International Finance Corporation’s Farida Khambata in 1992. The term is commonly used to describe the equity markets of the smaller and less accessible, but still "investable" countries of the developing world. The frontier, or pre-emerging equity markets are typically pursued by investors seeking high, long-run return potential as well as low correlations with other markets. Some frontier market countries were emerging markets in the past, but have regressed to frontier status.

The FTSE Global Equity Index Series is a series of stock market indices provided by FTSE Group. It was launched in September 2003, and provides coverage of over 17,000 stocks in 48 countries, covering 98% of the world's investable market capitalization.

<span class="mw-page-title-main">Stock market index</span> Financial metric which investors use to determine market performance

In finance, a stock index, or stock market index, is an index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calculate market performance.

References

  1. 1 2 "FTSE Equity Country Classification October 2024 Annual Announcement" (PDF). FtseRussell.com. Retrieved 3 November 2024.
  2. 1 2 "MSCI 2024 Global Market Accessibility Review Country Comparison Report" (PDF). msci.com. Retrieved 4 November 2024.
  3. 1 2 "Daily Global Index Dashboard" (PDF). www.spglobal.com. 31 October 2024. p. 5. Retrieved 3 November 2024.
  4. 1 2 "Current Country Classification overview" (PDF). stoxx.com. p. 1. Retrieved 4 November 2024.