Global Index Mail May 18, 2026

Research evidence excerpt

Global Index Mail May 18, 2026

Min Moon AC Global Markets Strategy

(1-212 ) 272-8456 18 May 2026 J P M O R G A N

min.k.moon@jpmorgan.com

interim review in March 2026. We estimate 22 Vietnam stocks could be potentially

added to FTSE EM indices based on current market cap. The estimated passive inflow

could be around $1.3bn with an estimated weight of 0.34% in the FTSE Emerging Market

All Cap index.

• MSCI Country Classification Review 2025:MSCI announces the results of its Annual

Market Classification Review after the US market close on June 24, 2025. Select

highlights of this year’s review includes: 1) MSCI will continue to review the

implementation and market adoption of measures to enhance the accessibility of the

Korean equity market. 2) MSCI provided updates on the market classification status of

Greece regarding potential upgrade from Emerging Market to Developed Market. 3) The

consultation on a potential reclassification of Bulgaria from Standalone to Frontier

Market status will be extended to June 2026. 4) MSCI will continue to monitor the market

accessibility of the Bangladesh equity market.

• J.P. Morgan 2025 Global ETF Handbook : The 2025 J.P. Morgan ETF Handbook

provides a detailed overview of the ~$15 Tr global ETF market. The first part of the report

describes ETF markets in the Americas, Europe and Asia, and discusses new market

developments and trends in the industry. Topics discussed include actively managed

ETFs, option-based ETFs, cryptocurrency ETFs, the ETF/mutual fund dual-share-class

proposal, fixed income ETFs, levered ETFs, single stock ETFs, conversions, new

launches, fees, liquidity, ETF options, and investor flows. The second part of the report

provides a categorized listing of US ETFs (with AUM >$100Mn), grouped by asset class