"It’s been a long time coming. After putting Greece on review for a possible demotion to emerging markets status last year, MSCI went ahead and made it official on Tuesday.
In its annual review of country classification, MSCI removed Greece from its developed markets index and reclassified it as an emerging market. The Athens Stock Exchange has shed nearly 83 per cent of its value since 2008.
It was not the only country that suffered the indignity of a demotion. Morocco was relegated from an EM to a frontier market."
'via Blog this'
No comments:
Post a Comment