JPMorgan: “Bad idea” to get the Greek stock market out of emerging markets

As a negative catalyst, Athens is characterized by the possibility that Athens will be “promoted” above the category of emerging markets in which it is now located. Moreover, the investment giant does not regard the possibility as strong. In a report, JPMorgan points out that only the National Bank, Eurobank and OPAP from the shares of the Greek Stock Exchange meet the criteria to be introduced into the index of developed markets. Thus, the Wall Street bank points out that a move by Greece to the developed markets would shrink investment options in it, since the lower size threshold in capitalization is doubled by emerging markets and would make Greece the smallest market in the MSCI Europe index with 0.13% participation in it, putting the country behind Austria and Portugal.