http://apiprod.etf.internal.com/private/fund/GREK/fundreport
GREK

GREK

Global X MSCI Greece ETF
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BZX EXCHANGE CLOSED
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78
  • 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 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 October 19, 2017 the Global X MSCI Greece ETF MSCI ESG Fund Quality Score is 3.84 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 6th percentile within its peer group and in the 6th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

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  • 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

Global X
12/07/11
Open-Ended Fund
0.62%
$356.58M
$5.01M
0.11%

GREK Portfolio Data

$2.87B
20.45
0.61
1.62%
12/28/17
26

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%
-13.9%

GREK Tax Exposures

20% / 39.6%
--
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
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LAST 10 TRADES
TIMEPRICESHARES
15:59:579.37200
15:59:329.36100
15:58:049.3799
15:58:049.37100
15:58:049.37100
15:58:049.37200
15:57:599.36100
15:57:599.36100
15:57:599.36100
15:57:599.36100
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

GREK Factset Analytics Block Liquidity

As of 10/20/17
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

512,961
$5.01M
363,520
$3.81M
0.11%
$0.01
0.00%
2.82% / -2.43%
None
33%
50,000
7.27
0.21%
8.85%
15,027
$9.36
2

GREK Sector/Industry BreakdownView All

GREKSegment Benchmark
35.69% 31.40%
20.69% 18.45%
7.88% 15.96%
6.94% 11.51%
5.37% 4.46%
3.36% 1.51%

GREK Geographic Exposure

GREKSegment Benchmark
100.00% 90.44%
-- 9.56%

GREKSegment Benchmark
100.00% 90.44%
-- 9.56%
0.00% / 0.00% 0.00% / 0.00%

GREK Performance Statistics

0.97
0.84
0.81
0.89
0.33%
MSCI Greece Investable Markets

GREK MSCI ESG Ratings

3.84 / 10
5.84
6.34
10.41%
3.1%
684.62

GREK BENCHMARK COMPARISON

    GREK
    26 Holdings
    Segment Benchmark
    22 Constituents
    Shared Holdings
    20 (Count)
     
    84.85% (Weight)
GREKSegment Benchmark
0.00% 0.00%
48.40% 48.37%
46.62% 43.15%
4.98% 8.48%
2.28% 2.81%
-- High