Pakistan ETF Rallies on MSCI’s New ‘Emerging’ Designation
June 15, 2016 at 14:16 PM EDT
The Pakistan country-specific exchange traded fund surged Wednesday, with Pakistani markets touching a record high, after Morgan Stanley Capital International upgraded the former frontier economy to “emerging” status. The Global X MSCI Pakistan ETF (NYSEArca: PAK) rose 5.6% Wednesday on...
