The final week of 2022 saw EPFR-tracked Bond Funds post consecutive weekly outflows for the first time since mid-October, capping a year when the overall group smashed its previous outflow record as central banks scrambled to contain inflation running at multi-decade highs.
Behind the headline number, however, was a marked shift from active to passive management.
MSCI developed the classification of country equity stock markets based not only on how advanced, economically, the country is, but also how easy it is for global investors to access its domestic stock market. While most people are familiar with developed and emerging markets, the top two levels, they may not know much about the third, frontier markets.
Skyscrapers are always a good indication of growth in a country. For instance, Mirante do Vale is a vast office building built in 1960 in downtown São Paulo, it used to be the tallest building in Brazil until 2014, when the Millennium Palace in Balneário Camboriú, Santa Catarina took over its place.
