GREKGlobal X MSCI Greece ETF
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 to 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.
GREK MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 21, 2018 the Global X MSCI Greece ETF MSCI ESG Fund Quality Score is 4.28 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. GREK ranks in the 18th percentile within its peer group and in the 14th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
GREK CHARTS AND PERFORMANCE
GREK Top 10 Countries
GREK Top 10 Sectors
GREK Top 10 Holdings [View All]
GREK Summary Data
GREK Portfolio Data
GREK Index Data
GREK Portfolio Management
GREK Tax Exposures
GREK Fund Structure
GREK Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
GREK TOP 10 HOLDINGS[View All]
GREK Economic Development
GREK Performance Statistics
GREK MSCI ESG Ratings
GREK BENCHMARK COMPARISON SUMMARY
GREK BENCHMARK COMPARISON MARKET CAP SIZE
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.