What Do a Greek Gaming Company and a Greek Telecommunications Company Have In Common?

They are both up more than 75% year to date.
As MSCI prepares to demote Greece to its group of ‘Emerging’ countries at the end of this month, we thought we would take a look at the performance of the remaining constituents:

image

Meanwhile, Greece’s ATHEX Composite (with 59 constituents currently) is up more than 30% to far this year as the majority of its members continue to post share price gains:

image

And, while Greece may be regressing in the estimation of MSCI, Korea and Taiwan are both up for a promotion to the ‘Developed’ countries index during the annual market classification review next June.