FTSE may reclassify Asian markets

Global index vendor FTSE has launched a consultation process with officials from institutional investors, fund management companies, stock markets and regulators to determine how to classify countries' economic status in indices, in a move that is likely to impact north Asian markets. One driver behind the review is China's relatively new qualified foreign institutional investor scheme, which allows foreign portfolio money into the A-share market for the first time. Paul Hoff, manag…