FTSE Russell, a division of the London Stock Exchange Group (LSEG), kept Türkiye's "Advanced Emerging Market" status and it did not place it on its watch list, in a positive sign for the country's economy despite the recent fund crisis.
FTSE Russell, an index provider that creates and manages indexes used in global financial markets, published the “FTSE Classification of Equity Markets – FTSE Equity Country Classification September 2026 Annual Announcement" late Tuesday.
"Following the postponement of certain index changes for Türkiye at the September 2026 index review, FTSE Russell continues to engage with Borsa İstanbul and the Capital Markets Board of Türkiye (CMB), which is reviewing the feasibility to improve the granularity underpinning the Central Securities Depositary’s (MKK) published free float figures," the announcement said.
"FTSE Russell is not placing Türkiye on the Watch List and its Advanced Emerging market status remains unchanged," it added.
The index provider in its annual assessment also determined that Egypt will be removed from the Watch List for potential demotion from "Secondary Emerging" to "Frontier" market status and retained as a "Secondary Emerging" market.
It also said Oman is being added to the Watch List for possible reclassification from "Frontier" to "Secondary Emerging" market status.
"FTSE Russell’s country classification framework is grounded in the principle of accessibility to global financial markets. Through ongoing, collaborative dialogue with the investment community, exchanges, regulators, and other key stakeholders, we maintain best practice, ensuring our indices accurately represent real investment opportunities and remain aligned with the needs of the market," said Fiona Bassett, CEO at FTSE Russell.
