Argentina, Peru, Romania and Tanzania will each be reclassified to a different market status in September, according to index provider FTSE Russell's March interim review.
Peru will be reclassified to frontier market status from secondary emerging market status, effective in one tranche, while Romania will be reclassified to secondary emerging market status from frontier market status.
Romania's reclassification is subject to two Romanian securities meeting the eligibility screens for the FTSE Global All Cap index, the review said.
Argentina, meanwhile, will become unclassified from frontier market status in September, subject to "existing capital controls not being removed by Sept. 28," the review said.
FTSE Russell originally announced its intention to explore moving Argentina to unclassified status in January after the Banco Central de la Republica Argentina's announcement to extend capital controls beyond the original Dec. 31, 2019, expiration date.
Tanzania will be reclassified to frontier market status from unclassified status in September as well, effective in one tranche, according to the review.
