Greek Stocks to Suffer Outflows on MSCI Upgrade, JPMorgan Says

JPMorgan strategists said Greek stocks will suffer outflows as MSCI Inc.’s upgrade of the country to developed-market status forces emerging-market trackers to sell. The upgrade, effective later this year, will trigger index rebalancing, with passive funds required to adjust holdings. Greek equities may see short-term selling pressure before stabilizing as developed-market investors step in.