About Bloodstone market classifications

• Bloodstone Emerging Index and Bloodstone Frontier Index are proprietary research universes.
• MSCI and FTSE Russell classifications are reference points rather than binding definitions.
• Bloodstone also considers equity-market size, listed-company depth, liquidity, accessibility, institutional development and international-investor relevance.
• Bloodstone may differ from one or both index providers where those characteristics justify different treatment for research purposes.
• No market appears in both core universes.
• Classifications can change as markets develop.
• Frontier Watchlist markets are monitored but do not currently satisfy all requirements for Core Frontier inclusion.
• These classifications organise Bloodstone's editorial and research coverage and are neither investment recommendations nor investable indices.