Greece is set to enter the developed market indices

Greece is poised to leave the emerging markets index and enter the developed market indices in January 2001. Raj Shant, director of European equities at Credit Suisse Asset Management, believes like Spain and Italy in 1997 and 1998, the Greek market had its turn at good performance in 1999. He says: "As higher inflation countries prepare to join the euro, they benefit from 'convergence play' and 'disinflation' where inflation goes down and interest rates stabilise at lower levels." According to Joanne Irvine, fund manager at Aberdeen Asset Management, with the announcement of Emu entry t...