MSCI Inc. (NYSE: MSCI) announced that the MSCI Greece Indexes will be reclassified from Emerging Market to Developed Market status in one step coinciding with the May 2027 Index Review.
On January 26, 2026, MSCI launched a consultation with international institutional investors on a Market Reclassification Proposal for the MSCI Greece Indexes. MSCI received feedback from a large number of global market participants, including asset owners, asset managers and broker dealers. The majority of participants in the consultation favored the proposed reclassification.
"Greece's path from Emerging Market back to Developed Market status reflects both the progress achieved by the Greek market authorities and the evolving view among global institutional investors that Developed Markets Europe operates as a cohesive investment region," said Raman Aylur Subramanian, Head of Market Classification and Taxonomies. "Market participants recognized that Greece's market infrastructure has converged with Developed European standards and meets the criteria for Developed Markets. This reclassification decision follows sustained market reforms and dialogue between market authorities, the investment community and MSCI."
While supporting the reclassification, some market participants noted considerations around the implementation timeline. This feedback informed MSCI's decision to implement the reclassification at the May 2027 Index Review rather than the August 2026 Index Review.
As part of the implementation plan:
On January 26, 2026, MSCI launched a consultation with international institutional investors on a Market Reclassification Proposal for the MSCI Greece Indexes. MSCI received feedback from a large number of global market participants, including asset owners, asset managers and broker dealers. The majority of participants in the consultation favored the proposed reclassification.
"Greece's path from Emerging Market back to Developed Market status reflects both the progress achieved by the Greek market authorities and the evolving view among global institutional investors that Developed Markets Europe operates as a cohesive investment region," said Raman Aylur Subramanian, Head of Market Classification and Taxonomies. "Market participants recognized that Greece's market infrastructure has converged with Developed European standards and meets the criteria for Developed Markets. This reclassification decision follows sustained market reforms and dialogue between market authorities, the investment community and MSCI."
While supporting the reclassification, some market participants noted considerations around the implementation timeline. This feedback informed MSCI's decision to implement the reclassification at the May 2027 Index Review rather than the August 2026 Index Review.
As part of the implementation plan:
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MSCI will share additional details on the implementation process as available, in line with the MSCI announcement policy.
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