“As per the MSCI Market Classification Framework, the introduction of prolonged restrictive measures, which result in a material deterioration in the accessibility of the Greek equity market, may lead to the reclassification of the MSCI Greece Index to Standalone Market status from Emerging Markets status,” said MSCI, according to a Reuters report.
The last country MSCI demoted to standalone status was Venezuela in May 2006. If Greece earns that dubious market classification, it would join the likes of Botswana, Ghana, Jamaica and Zimbabwe in standalone territory, according to MSCI.
Global X FTSE Greece 20 ETF
