|Bid||8.9300 x 1400|
|Ask||8.9400 x 1300|
|Day's Range||8.7900 - 8.9500|
|52 Week Range||7.4000 - 10.7900|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.62%|
No invention has been more disruptive to the asset-management industry in the last quarter-century than the exchange-traded fund. Its tradability, tax efficiency, and cost ignited the low-fee revolution, sapping assets from actively managed mutual funds and fundamentally changing how advisories, brokerages, and asset managers conduct business.
The Global X MSCI Greece ETF (NYSEArca: GREK) is up about 17% year-to-date, but some of the shine has recently come off that trade as GREK resides about 19% below its 52-week high. Although GREK, the lone ...
The Global X MSCI Greece (ticker: GREK) and iShares MSCI Turkey (TUR) exchange-traded funds were among Monday's worst performers. The Greece stock ETF fell 3.2% and the Turkey stock ETF tumbled 2.8%. Last ...
In yet another sign that investors aren't afraid of the Federal Reserve's interest rate hikes, emerging market equity funds saw the strongest inflows in 21 weeks and EM bonds continued to draw interest. The EM equity fund inflows were $3.3 billion in the latest weekly reporting period, and emerging market bond funds -- which have seen inflows for 37 of the past 38 weeks - drew $1.7 billion. It's part of what Bank of America/Merrill Lynch Chief Investment Strategist Michael Hartnett and Strategist Jared Woodard call "the most consensus trade in the world: no fear of the Fed." "Investors looked for ways to benefit from soaring equity markets while side-stepping a variety of political risks ranging from North Korea's bellicose expansion of its nuclear capabilities to Catalonia's stand-off with Spain," write EPFR Global analysts.
On a year-to-date basis, the Global X MSCI Greece ETF (NYSEArca: GREK) is one of this year’s best-performing single-country ETFs, but looks can be deceiving. After being drubbed Monday, GREK is lower by ...
The European Union said Monday that Athens was no longer in breach if the euro region's budget rules, a signal that Greece was taking another step out of the shadow of a near decade of bailouts and economic scrutiny. The Guggenheim Solar ETF (TAN) and the Guggenheim China Technology ETF (CQQQ) were not that far behind, down 4.3% and 4.8%, respectively. The U.S. International Trade Commission on Friday ruled that rising solar panel imports were hurting domestic solar manufacturers, putting the ball in the Trump administration's court to raise duties on Chinese companies.
Shares of Greek banks have been slipping in recent weeks as the threat of multiple stress tests shine a light on the quality -- and scrutiny -- of financial assets in the struggling nation. The financial crisis in Greece and unemployment have resulted in non-performing loans, though Greek banks entered the 2008 global financial crisis with 5.5% of loan books in the NPL category, according to Reuters. In August, Reuters reported that bad loans accounted for half of Greek bank loan portfolios last year, at 106.9 billion euros, and regulators want the ratio cut to 34%.
Europe's sovereign and corporate bonds, with high yields below 2.5%, are equally susceptible to pressure, according to Peter Boockvar, chief market analyst at The Lindsey Group based in Fairfax, VA. With the euro strengthening by 1.4% against the U.S. dollar this week, maintaining a value of 1.20, Boockvar writes in his daily morning missive today: "The strangest behavior in markets yesterday was the rip higher in the euro after European Central Bank President Mario Draghi’s press conference at the same time European sovereign bonds spiked up in price and down in yields. The euro today is holding its gains and advancing some more from yesterday’s close while European yields are rising and getting back some of what it lost yesterday after a Reuters story this morning that said: 'European Central Bank policymakers meeting on Thursday were in broad agreement that their next step will be reducing their bond purchases and discussed 4 options, 2 sources with direct knowledge of the discussion said.' They talked about to what extent to cut the monthly buys at the same time maybe extending the deadline.
There were signs of ill health in July, when China's industrial production growth was weaker than expected. Going forward, currencies linked to China, including those of Asia as well as EM commodity currencies, should remain well supported.
The $435 million Global X MSCI Greece (GREK) was among the worst performers in exchange-traded fund land on Wednesday, falling nearly 2%. A hot euro didn't help. A number of concerns weighed on Greek stocks. ...
The euro reached a fresh high against the dollar Tuesday, which may have contributed to European stock weakness overall, though the iShares MSCI Poland Capped ETF (EPOL) slipped more, by 1.6%, as German Chancellor Angela Merkel weighed in on the dispute Tuesday between the European Union and Poland over judicial independence. The Vanguard FTSE Emerging Markets ETF (VWO) only fell 0.2%. With German election season heating up, the Greek government on Monday said it would not accept far-right German politicians' suggestions to return refugees to Greece, The Times reported.
Fitch Ratings upgraded mortgage-covered bonds at three of the four major Greek banks Thursday, but the improvement didn't universally lift the illiquid U.S.-traded shares. The yield on the Greek 10-year ...
The Global X MSCI Greece ETF (NYSEArca: GREK) is one of this year’s best-performing single-country exchange traded funds is with a gain of 32.5%. Improving economic fundamentals in Greece underscore why ...
It was not that long ago that credit ratings agencies ruled the roost for troubled countries in the lands of the PIIGS. Portugal, Italy, Ireland, Greece and Spain were all deeply troubled, and Greece was ...
In July 2017, the manufacturing PMI (purchasing managers’ index) in Greece (GREK) remained steady. Operating conditions improved marginally, largely driven by a rise in output. The business conditions ...