GREK

Global X MSCI Greece ETF
*Unless otherwise stated, data provided by FactSet.

GREK Fund Description

GREK 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 Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 12/04/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GREK -2.50% 8.11% 41.64% 26.58% 9.76% -8.94% --
GREK (NAV) -1.00% 7.88% 42.30% 30.23% 10.52% -8.67% --
MSCI All Greece Select 25/50 Index -1.00% 7.67% 43.46% 31.03% -- -20.67% --
MSCI Greece IMI -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GREK Summary Data

Global X
12/07/11
Open-Ended Fund
0.59%
$333.42M
$2.84M
0.14%

GREK Portfolio Data

$2.83B
43.02
0.70
2.11%
12/30/19
33

GREK Index Data

Market Cap
Market Cap
MSCI Greece IMI

GREK Portfolio Management

0.59%
-0.85%
-0.74%
-1.19%

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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

GREK Factset Analytics Block Liquidity

As of 12/05/19
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

296,496
$2.84M
244,226
$2.35M
0.14%
$0.01
-0.11%
1.37% / -1.98%
None
27.00%
50,000
4.88
0.16%
4.68%
28,458
$9.86
2

GREK Sector/Industry Breakdown


GREK
Segment Benchmark
31.82%
38.44%
16.12%
19.77%
16.09%
6.39%
12.71%
15.63%
10.65%
9.14%
7.56%
5.99%
3.56%
3.47%
1.49%
1.18%

GREK Top 10 Holdings[View All]

13.95%
10.98%
9.94%
6.47%
4.25%
4.19%
3.68%
2.97%
2.85%
2.70%
61.98%

GREK Countries


GREK
Segment Benchmark
85.77%
96.53%
10.68%
--
3.56%
3.47%

GREK Regions


GREK
Segment Benchmark
89.32%
100.00%
10.68%
--

GREK Economic Development


GREK
Segment Benchmark
100.00%
100.00%

GREK Performance Statistics

--
--
--
--
0.00%
MSCI Greece IMI

GREK Benchmark Comparison Holdings

33
20
19
80.79%

GREK Benchmark Comparison Summary


GREK
Segment Benchmark
33
20
$2.83B
$3.32B
43.02
19.48
0.70
0.72
2.70%
2.27%
High
High

GREK Benchmark Comparison Market Cap Size


GREK
Segment Benchmark
0.00%
0.00%
51.93%
64.69%
40.21%
32.89%
7.86%
2.43%