MSCI Frontier Markets Index: The Frontier index is used as a benchmark to measure the performance of the financial markets in select countries from Asia, the Middle East, Africa, South America, and Europe. Some of the frontier regions with stocks included in this index are Kuwait, Vietnam, Morocco, Lebanon, Kenya, MSCI will announce all additions to and deletions from the MSCI Standard Index Series and the MSCI Small Cap Index Series two days, if possible, prior to their index implementation. If warranted, MSCI may make additional announcements regarding changes to the MSCI Standard Index Series and the MSCI Small Cap Index Series. In 1986, Morgan Stanley licensed the rights to the indexes from Capital International and branded the indexes as the Morgan Stanley Capital International (MSCI) indexes. By the 1980s, the MSCI indexes were the primary benchmark indexes outside of the US before being joined by FTSE, Citibank, and Standard & Poor's.