All-World Index, subject to the country joining the Euro on 01 January 2001. Greece currently sits within the FTSE All-World Index in the Advanced Emerging segment.
The Committee has approved this change in line with Ground Rules for the FTSE All-World Index and FTSE analysis, and makes the announcement now to ensure that the fund managers have sufficient notice to incorporate the change in their investment strategies.
FTSE MD Mark Makepeace said, “All of FTSE’s indexes are reviewed regularly to ensure that investors have the most current and accurate information against which to benchmark their portfolios. Greece has been monitored closely over the past few months, so we can move it to Developed status immediately it meets the criteria qualifications.”
Ground Rules for all FTSE indexes can be found at http://www.ftse.com/groundrules. The Developed country status will be applied to Greece with effect from 01 January 2001.
