Markets and investing

Greek Stocks Could Face Net Outflows After MSCI Upgrade, JPMorgan Says

Greece’s move to developed-market status in MSCI indexes is expected to trigger $5.1 billion in selling by emerging-market funds, partly offset by $4.8 billion in purchases from developed-market trackers.

2 Nov 2026

Greek stocks are expected to face net outflows when MSCI Inc.’s reclassification of Greece as a developed market takes effect in May, according to strategists at JPMorgan Chase & Co.

The change could prompt funds tracking emerging-market indexes to sell about $5.1 billion of Greek equities, a team led by Pankaj Gupta said in a note.

Developed-market funds are expected to buy approximately $4.8 billion, leaving an estimated net outflow of around $275 million.

Sources: Bloomberg Markets.