Index compiler Morgan Stanley Capital International (MSCI) has reclassified Israel as a "developed market" from its current “emerging market” status. Israel's upgrade will take effect in May, 2010, when the MSCI Israel Index will be included in two of the most widely-tracked global equity benchmark indices, the MSCI World Index and the MSCI EAFE (Europe, Australasia, and Far East) Index, which only include developed markets. The reclassification of Israel, which had been anticipated by analysts, is expected to draw more investors into the country's equity markets, as many investors are only allowed to invest in developed markets.