[Reuters]
Greek stocks will return to MSCI’s developed markets index in May 2027, according to a Morgan Stanley announcement.
The MSCI (Morgan Stanley Capital International) upgrade of the equity market effectively signals a broader upgrade of the Greek economy. It marks a key milestone for the domestic capital market and reflects the progress the Greek economy has achieved in recent years.
The reclassification will be implemented in one step across all MSCI indexes, including standard, custom and derived indexes, at the May 2027 index review.
MSCI’s decision follows similar moves in recent months by another leading index provider, FTSE Russell, and intentions for possible reclassification from S&P Dow Jones and STOXX.
The upgrade to Developed Market status is expected to broaden institutional investor participation, enhance market liquidity, and further strengthen the international positioning of the Athens Stock Exchange within the global investment landscape.