Greek Stocks in Line for Near $1 Billion Flows if Stoxx Upgrades

Greek equities are set to be upgraded to developed-market status by index provider Stoxx Ltd., a move that could unlock $962 million worth of passive inflows, according to JPMorgan Chase & Co. strategists.

The team led by Pankaj Gupta expects the change to take place during the review in April, before it becomes effective in September. The country’s shares will then be included into both the Stoxx Europe 600 and the Eurostoxx indexes.