Poland: Move over Macron; Central Europe is building their own Core.

Poland:  Move over Macron; Central Europe is building their own Core.

* Poland: Move over Macron; Central Europe is building their own Core.

– Index provider FTSE Russell has announced the results of its annual review of country classifications. The standout change is the reclassification of Poland from emerging market to developed market economy, becoming the first country from Eastern Europe to attain the status.

Marek Dietti, President of GPW, the Warsaw Stock Exchange, said: “The FTSE Russell upgrade of Poland to Developed Market status represents an acknowledgement of the progress of the Polish economy and capital markets and is a major step in their development.”

“Poland has all the features of a developed market, including secure trading and post-trade services, as well as advanced infrastructure.”

Polish equities have enjoyed a buoyant 2017. The Warsaw Stock Exchange Index (WIG) is up 24.9% year to date.in the Inclusion into developed markets indices is only likely to increase capital flows into Polish equities.

https://www.etfstrategy.co.uk/poland-promoted-to-developed-economy-by-ftse-russell-22002/