Mark Mobius, Investment Adventures In Emerging Markets
In June, major international equity index provider MSCI confirmed
Greece’s sojourn among the ranks of “developed markets” would end later
this year as it will become the first-ever country to lose its
“developed market” status in the MSCI universe.1
Interestingly, Greece was classified as emerging when I started with
the Templeton Emerging Markets Group in 1987, and while the recent news
might conjure up images of a significant turn for the worse for the
country’s economic fortunes, MSCI’s explanation for Greece’s
reclassification was actually more mundane.
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