Russell Indexes to relegate Greek equities from ‘developed’ to ‘emerging’

Russell Indexes, which tracks market indices totaling $3.9 trillion, will become the first major index provider to relegate Greek equities from the top-tier developed markets category to emerging markets.

The company said on Monday it planned to reclassify Greece at its upcoming annual index review in March and the move would become effective at the end of June. [Reuters]

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