韓国 証券市場で 先進国
投稿者： elgfaret 投稿日時： 2008/09/20 14:49 投稿番号： [117969 / 230347]
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タイムズ
S Korea's reform programme wins it developed country status
By Sundeep Tucker in Hong Kong
Published: September 18 2008 03:00 | Last updated: September 18 2008 03:00
South Korea has been promoted to developed country status by FTSE Group, the global index provider, in a landmark move likely to prompt global investors to shift billions of extra dollars into the country's stocks.
FTSE will this morning announce that South Korea has joined the ranks of the US and Germany in the top tier of investor-friendly financial markets, capping a stunning turnround for a country that a decade ago was left crippled by the Asian financial crisis.
South Korea's elevation forms part of the provider's annual classification changes to its global equity index series, which are used by investors to construct weighted portfolios.
About $3,000bn follows the indices operated by FTSE which is jointly owned by the Financial Times Group and the London Stock Exchange. Analysts believe index-trackers could switch a further $25bn into South Korean equities over the next 12 months following the promotion.
South Korea had been on a watch list for promotion for the past three years and finally attained promotion after convincing FTSE that it had removed regulatory obstacles relating to settlement, off-exchange trading and foreign exchange.
Successive governments have invested to improve the country's financial infrastructure and strengthened regulatory supervision in an attempt to turn Seoul into a regional financial hub. However, some global investors remain wary of South Korea because of the way some chaebol [family-run conglomerates] treat minority shareholders.
Hugh Young, managing director of Aberdeen Asset Management Asia, a leading investor in the region, said: "The South Korean government has made dramatic improvements to the stock market. However, we still rate the corporate governance of some companies in Korea as towards the lower end of the spectrum."
FTSE will also announce that 24 red chip stocks - Chinese companies incorporated overseas and listed in Hong Kong - will be reclassified to China, which has lower secondary emerging status.
Argentina and Colombia have been placed on the watch list for possible demotion from secondary emerging to frontier status after mounting concerns over obstacles to cross-border fund flows.
世界の２大投資指標のひとつである「フィナンシャルタイムズ・ストック エクスチェンジ」（ＦＴＳＥ）の先進国指数に組み入れられたのだ。欧州系資金が投資基準としているＦＴＳＥの先進市場に含まれると、３兆ドルと推定されるグローバル投資資金の一部が国内証券市場に流入してくるものと期待される。
中略
◆ＦＴＳＥ指数＝英国の経済紙フィナンシャルタイムズ（ＦＴ）とロンドン証券取引所の合弁である‘ＦＴＳＥインターナショナル’が作成する世界株価指数。４８カ国８０００余りの株式が含まれ、主に欧州系資金が投資の基準としている。世界の証券市場での位置づけにより先進、先進新興、新興、フロンティア市場に分かれる。モルガン・スタンレーの子会社が作るＭＳＣＩ指数とともに世界２大株価指数とされる
中央日報
S Korea's reform programme wins it developed country status
By Sundeep Tucker in Hong Kong
Published: September 18 2008 03:00 | Last updated: September 18 2008 03:00
South Korea has been promoted to developed country status by FTSE Group, the global index provider, in a landmark move likely to prompt global investors to shift billions of extra dollars into the country's stocks.
FTSE will this morning announce that South Korea has joined the ranks of the US and Germany in the top tier of investor-friendly financial markets, capping a stunning turnround for a country that a decade ago was left crippled by the Asian financial crisis.
South Korea's elevation forms part of the provider's annual classification changes to its global equity index series, which are used by investors to construct weighted portfolios.
About $3,000bn follows the indices operated by FTSE which is jointly owned by the Financial Times Group and the London Stock Exchange. Analysts believe index-trackers could switch a further $25bn into South Korean equities over the next 12 months following the promotion.
South Korea had been on a watch list for promotion for the past three years and finally attained promotion after convincing FTSE that it had removed regulatory obstacles relating to settlement, off-exchange trading and foreign exchange.
Successive governments have invested to improve the country's financial infrastructure and strengthened regulatory supervision in an attempt to turn Seoul into a regional financial hub. However, some global investors remain wary of South Korea because of the way some chaebol [family-run conglomerates] treat minority shareholders.
Hugh Young, managing director of Aberdeen Asset Management Asia, a leading investor in the region, said: "The South Korean government has made dramatic improvements to the stock market. However, we still rate the corporate governance of some companies in Korea as towards the lower end of the spectrum."
FTSE will also announce that 24 red chip stocks - Chinese companies incorporated overseas and listed in Hong Kong - will be reclassified to China, which has lower secondary emerging status.
Argentina and Colombia have been placed on the watch list for possible demotion from secondary emerging to frontier status after mounting concerns over obstacles to cross-border fund flows.
世界の２大投資指標のひとつである「フィナンシャルタイムズ・ストック エクスチェンジ」（ＦＴＳＥ）の先進国指数に組み入れられたのだ。欧州系資金が投資基準としているＦＴＳＥの先進市場に含まれると、３兆ドルと推定されるグローバル投資資金の一部が国内証券市場に流入してくるものと期待される。
中略
◆ＦＴＳＥ指数＝英国の経済紙フィナンシャルタイムズ（ＦＴ）とロンドン証券取引所の合弁である‘ＦＴＳＥインターナショナル’が作成する世界株価指数。４８カ国８０００余りの株式が含まれ、主に欧州系資金が投資の基準としている。世界の証券市場での位置づけにより先進、先進新興、新興、フロンティア市場に分かれる。モルガン・スタンレーの子会社が作るＭＳＣＩ指数とともに世界２大株価指数とされる
中央日報
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