Greece has been expelled from the index of developed countries the other day. It is the first time when MSCI Inc. has excluded the country from its developed category and demoted it to the emerging-market one. The reason is quite simple: Athens does not satisfy the MSCI requirements anymore. The local stock markets are on the decline, since 2007 the total fall has been estimated at 83%. Moreover, Greece's debt markets have been blocked since 2010. However, at that the reshuffling has not been terminated. Morocco, which is now classified as a frontier market, has been ousted from the list of the emerging markets. Meanwhile, Qatar and the United Arab Emirates got promoted.Thanks to investors’ growing interest and stable economies, on the contrary, the countries managed to improve their state of affairs and move to emerging-market status from the frontier index. Actually, the East is getting more and more attractive for investors, so the China's stock market came under the detailed scrutiny of MSCI. According to the research, the number of the Chinese companies may soon be included in the Emerging Markets index. As for the other Asian states such as Taiwan and South Korea, they have been trying hard to achieve the emerging-markets status for two years, but have not got it yet.
