Sample selection (MSCI classification)
| Classification | Region | Sample | Index |
|---|---|---|---|
| Developed | America | USA | S&P 500 |
| EMEA | Germany | GDAXI | |
| APAC | Japan | Nikkei 225 | |
| Emerging | America | Brazil | BOVESPA |
| EMEA | Saudi Arabia | TASI | |
| APAC | China | SSCEI | |
| Frontier | America | None | |
| EMEA | Bahrain | BAX | |
| APAC | Pakistan | KSE-100 | |
| Standalone | America | Jamaica | JSE |
| EMEA | Palestine | PLE | |
| APAC | None | ||
| Classification | Region | Sample | Index |
|---|---|---|---|
| Developed | America | USA | S&P 500 |
| EMEA | Germany | GDAXI | |
| APAC | Japan | Nikkei 225 | |
| Emerging | America | Brazil | BOVESPA |
| EMEA | Saudi Arabia | TASI | |
| APAC | China | SSCEI | |
| Frontier | America | None | |
| EMEA | Bahrain | BAX | |
| APAC | Pakistan | KSE-100 | |
| Standalone | America | Jamaica | JSE |
| EMEA | Palestine | PLE | |
| APAC | None | ||
Source(s): Table by authors
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