Iceland on Thursday fell off the global map for investors who track stock market indices when it was dropped from key equity benchmarks. FTSE, the global equity index provider, has removed Iceland from the investable universe that make up its indices following the plunge in its financial markets after the collapse of its three main banks. It is the first time FTSE has removed a country from its lists since its global equity index series was established in late 2003. The MSCI, another big provider of stock indices, does not list Iceland on its global benchmark index.

This entry was posted by Gwen Robinson on Friday, September 18th, 2009 at 4:41 and is filed under Capital markets. Tagged with ftse, iceland. Edit this entry.