Foreign Policy Blogs

Emerging Markets Change & Tame U.S. Exchanges

Emerging Markets outperforming U.S. stock market

Emerging Markets outperforming U.S. stock market

New York (DealBook) – Earlier this week, Allianz, the German insurer, announced that it would be de-listing from the New York Stock Exchange (NYSE). For good measure, it also said that it would delist from the London, Milan, Paris and Swiss stock exchanges in order to concentrate its trading liquidity on the Deutsche Borse.

In the same week, Shanda Games Ltd., one of China’s leading online games companies, priced its initial public offering on the Nasdaq, raising more than $1 billion.

The two events point to the future direction of the global stock listings market.

Capital markets have matured in Europe, and foreign issuers in those countries no longer feel a compelling need to list on the United States stock exchanges. Meanwhile, the emerging stock markets, and Hong Kong and Shanghai markets in particular, are still developing, and issuers located there are looking abroad to list, raise capital and elevate their profile and share price. Read more here.



Elison Elliott

Elison Elliott , a native of Belize, is a professional investment advisor for the Global Wealth and Invesment Management division of a major worldwide financial services firm. His experience in the global financial markets span over 18 years in both the public and private sectors. Elison is a graduate, cum laude, of the City College of New York (CUNY), and completed his Masters-level course requirements in the International Finance & Banking (IFB) program at Columbia University (SIPA). Elison lives in the northern suburbs of New York City. He is an avid student of sovereign risk, global economics and market trends, and enjoys writing, aviation, outdoor adventure, International travel, cultural exploration and world affairs.

Areas of Focus:
Market Trends; International Finance; Global Trade; Economics