Global X MSCI Greece ETF
GREK
Market cap $160M

41.33 USD

+0.31

0.76%

At close Jan 23, 4:00 PM EST

1 day

0.76%

5 days

3.35%

1 month

2.43%

3 months

3.66%

6 months

-3.64%

Year to date

6.30%

1 year

7.13%

5 years

38.04%

10 years

5.49%

0

Funds holding %

of 6,823 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

12% more funds holding

Funds holding: 42 [Q2] → 47 (+5) [Q3]

3% more capital invested

Capital invested by funds: $76.5M [Q2] → $78.4M (+$1.95M) [Q3]

1.46% less ownership

Funds ownership: 39.57% [Q2] → 38.11% (-1.46%) [Q3]

23% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 13

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

85% less call options, than puts

Call options by funds: $186K | Put options by funds: $1.24M

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Research analyst outlook

We haven’t received any recent analyst ratings for GREK.

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Financial journalist opinion

GREK: Downgrading The Gem Of Europe To A Hold

GREK's spectacular performance is nearing its end due to a possible real estate bubble, with property values outpacing wage growth and housing becoming unaffordable. The EU's Recovery and Resiliency Fund may distort Greece's macroeconomic performance, potentially exacerbating inflation and wage disparities. The changing global geopolitical landscape, especially the Russia-Ukraine war, is increasing inflationary pressures in Europe and Greece due to higher energy costs.

GREK: Downgrading The Gem Of Europe To A Hold

GREK ETF- One Of The Better Equity Pockets In Europe, But Has Its Fair Share Of Risks As Well

On a sequential basis, only Poland is delivering better growth than Greece with the economy expected to deliver increasing GDP growth in FY25. Housing related pressures appear to be leaving a mark on inflation again, and the tightening the Golden Visa requirements is a step in the right direction. Greek tourism is benefitting from Turkey's woes, and is poised to see another record year.

GREK ETF- One Of The Better Equity Pockets In Europe, But Has Its Fair Share Of Risks As Well

Highest And Lowest Country ETF Dividend Yields

US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.

Highest And Lowest Country ETF Dividend Yields

Capital Imbalances And Why David Daglio Is A Reformed Value Investor

Capital Imbalances And Why David Daglio Is A Reformed Value Investor

GREK: Hidden Euro Growth For 7x Earnings

GREK is the only pure-play Greece ETF in the US, offering exposure to Greek equities at attractive valuations. The fund is concentrated in financials and mid-caps, with strong recent performance but much higher volatility compared to other European ETFs. I like GREK for its unique position as a European growth story, and I think it has more room to run.

GREK ETF: Almost Ideal

The Global X MSCI Greece ETF has delivered strong returns of 33% in the past year, outperforming Eurozone stocks by 3.6x. Greece is expected to grow at 2x the pace of Europe this year. Investments in Greece are poised to surge by 15% this year, and Greek banks which account for 43% of GREK look well-placed to participate in this momentum.

The Top 3 Ways to Play the Coming Comeback for Greece

A subject you don't read about a lot in the business media is investing in Greece. Europe? Sure.

Zacks Investment Research

6 Country ETFs that Topped S&P 500 in 2023

Although the S&P 500 has offered a sturdy performance this year, a few country ETFs have beaten the S&P 500 this year.

GREK: A Surprise Winner

Greece's economy is showing strong signs of recovery and growth, making it an opportune time to consider investing in Global X MSCI Greece ETF. The GREK ETF provides exposure to the Greek economy and has performed well, outperforming the S&P 500. Investing in GREK offers the advantage of exposure to a recovering economy, low expense ratio, and strong performance, but carries risks associated with the Financials sector and country-specific uncertainties.

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