GREK

Global X MSCI Greece ETF
LAST TRADECHANGE (%)VOLUME
$8.12-0.03 (-0.37%)109.19K
10:48:47 a.m. (ET) 03/29/2017
BID SIZEBID ($)ASK ($)ASK SIZE
2008.118.12300

Overall Rating

D

71
as of 03/28/17

Rating Details

72
63
71
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

GREK Fund Description

The Global X MSCI Greece fund tracks a market-cap-weighted index of about 15 Greek firms.

GREK FactSet Analytics Insight

GREK is the sole ETF choice for exposure toprovides extremely concentrated but reflective exposure in a viable wrapper Greek equities. The fund is well established, with a solid asset base and a multiyear track record. Costs to hold and trade the fund are neither cheap nor outlandishly high.

When the Athens stock market closed in late June 2015, GREK continued to trade in New York. During that period the ETF’s issuer used fair-value estimates of the dormant stocks— a reasonable step—which explains the large gap down in NAV vs. the frozen index when the market closed. The index caught up with the NAV when markets reopened in early August. The fund mostly traded at a premium during that time as APs were unable or unwilling to step in to drive the price down closure to NAV. Still, GREK functioned well during the crisis.

GREK made a material change to its underlying index on March 1 2016, switching to the MSCI All Greece Select 25/50 Index from a FTSE index. The biggest impact was the deletion of a double-digit stake in Coca-Cola HBC. While the “All-Greece” index is more inclusive than standard MSCI methodology, the Swiss-based Coke bottler is still out of bounds. In all, GREK continues to provide extremely concentrated but reflective exposure to Greek equities in a viable wrapper.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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GREK Top 10 Countries

GREK Top 10 Sectors

GREK Top 10 Holdings View All

GREK Summary Data

12/07/11
Open-Ended Fund
0.62%
$265.69 M
$2.58 M
0.18%

GREK Portfolio Data

$1.97 B
-13.97
0.53
1.92%
12/28/17
25

GREK Index Data

MSCI All Greece Select 25/50 Index
Market Cap
Market Cap
MSCI Greece Investable Markets

Related ETFs to GREK

N/A
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

GREK Portfolio Management

0.62%
-0.73%
0.38%
-13.90%

GREK Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

GREK Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS2008.16
3008.15
7008.14
6008.13
3008.12
BIDS2008.11
2008.10
1008.09
2008.08
1008.07
LAST 10 TRADES
TIMEPRICESHARES
10:48:478.12100
10:46:028.131,037
10:46:028.13600
10:46:028.13200
10:46:028.13200
10:46:028.13100
10:46:028.13100
10:46:028.13100
10:46:028.13100
10:46:028.13100
Bats BZX Real-time Quote - 11:03:03
Average Spread
Premium/Discount
Volume

GREK FactSet Analytics Block Liquidity

As of 03/28/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GREK. GREK is rated a 2 out of 5.

GREK Tradability

332,847
$2.58 M
273,260
$2.11 M
0.18%
$0.01
0%
5.09% / -3.57%
None
26.00%
50,000
5.47
0.26%
1.61%
12,210
$7.90
2

GREK Performance Statistics

0.98
0.82
0.81
0.83
0.49%
MSCI Greece Investable Markets