FTSE Russell reverts ATHEX to developed markets as of next September

[InTime News]

Athens Stock Exchange is returning to the ranks of developed markets aft much than a decennary successful the emerging markets, where it had been downgraded pursuing the Greek indebtedness crisis.

FTSE Russell became connected Tuesday the archetypal steadfast to upgrade the Greek market, paving the way for akin moves by its peers and for inflows from a larger capitalist basal connected Athens Avenue successful the agelong term.

The upgrade will officially take effect connected September 21, 2026. According to FTSE Russell’s regulations, astatine slightest six months indispensable walk betwixt the day of the determination and the caller marketplace classification, with the firm’s members making their determination successful September. The ATHEX has been connected FTSE Russell’s watch database for an upgrade since October 2024.

After Greece’s recognition standing was raised to concern people by Moody’s earlier this year – a prerequisite for FTSE Russell – and with ATHEX having met each 22 prime criteria arsenic well arsenic the size and marketability requirements, the speech ticked each the boxes for the upgrade.

Some successful the Greek marketplace person questioned whether the determination will payment section stocks successful the abbreviated term, arsenic they whitethorn vie successful a overmuch larger excavation and pull little attraction than astatine the emerging marketplace level. However, the imaginable capitalist basal is acceptable to grow importantly arsenic Athens Avenue comes onto their radar.

FTSE Russell, the world’s second-largest bourse standing steadfast aft MSCI, lends added prestige to the home marketplace with this determination and sends an important awesome to organization and ample prime funds that show developed markets.