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Vanguard’s decision to switch its EM stock benchmark provider to FTSE from MSCI could lead to $9bln of outflows from Korean stocks in Q1, Barclays Plc (BARC) says in note released today. * U.S. mutual fund benchmarked $59.7bln of assets to MSCI EM index end-2012, analyst Alanna Gregory writes * Korea holds 14.5% weight in MSCI EM, while FTSE classifies Korea as a developed market * Switch to benefit Malaysia, South Africa and could be supportive for the ringgit: Report * Stock flows not a significant factor for won’s performance: Report
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