|Bid||9.01 x 1200|
|Ask||9.03 x 800|
|Day's Range||9.01 - 9.14|
|52 Week Range||7.62 - 10.32|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-9.15%|
|Beta (5Y Monthly)||1.17|
|Expense Ratio (net)||0.59%|
In what could be a case of the baby being thrown out with the bathwater, the Global X MSCI Greece ETF (GREK) is lower by 7.80% this year, indicating Greek stocks have hampered by the coronavirus and speculation that other emerging markets are weakening. “The gradual and sustained improvement in Greece's manufacturing sector and the wider economy has fuelled renewed appetite to invest in government bonds, yields on which have fallen to record lows,” said IHS Markit in a recent note. GREK seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index.
Greece had one of the best-performing stock markets in 2019. The nation's OECD's Business Confidence and Consumer Confidence Indices suggests business and consumer are optimistic, notes Benj Gallander, editor of Contra the Heard.
European equities get a well-deserve bum wrap because the region has made a habit of lagging U.S. stocks. That was the case again last year, but when all was said and done, the S&P Europe 350 Index and the Eurozone-focused MSCI EMU Index returned 24% and 22.3%, respectively.Those are solid showings. But investors' reluctance to allocate to European equities and related exchange-traded funds is attributable to the fact that the S&P 500 returned 31.2% last year. Why embrace Europe when domestic stocks are outperforming? That's what many investors are asking and it's a sensible query.Investors are right to be leery of European ETFs simply because the region's earnings growth has been lethargic for so long.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The US equity market has managed to grow its EPS close to 90% since its pre-crisis peak, compared with just 17% in Asia, 12% in Japan and a paltry 4% in Europe," Goldman Sachs' Peter Oppenheimer said in a note. "Europe's profit weakness partly reflects its value-dominated sector composition." * 7 Stocks to Buy for February Contrarians Indeed, Europe is a value proposition and with earnings growth expected to rebound there this year, some of the following funds are worth considering. European ETFs to Buy: SPDR Portfolio Europe ETF (SPEU)Expense ratio: 0.09% per year, or $9 on a $10,000 investment.The SPDR Portfolio Europe ETF (NYSEARCA:SPEU) is a hidden gem among European ETFs, particularly for cost-conscious investors. In nearly all cases, investors can expect higher fees when it comes to international ETFs, but SPEU softens that blow as it's one of the least expensive funds in its category.SPEU follows the STOXX Europe Total Market Index, a broad benchmark of Western European economies. Overall, nearly 20 countries are represented in the cost-effective SPEU. The United Kingdom, France and Switzerland combine for 56% of the fund's weight. Including those markets, the bulk of SPEU's geographic exposure trades at valuation discounts to comparable domestic benchmarks.SPEU's more than 1,400 holdings are well diversified among cyclical and defensive sectors. Financial and industrial stocks combine for almost a third of the fund's roster. Lower-beta healthcare and consumer staples names combine for over a quarter. Global X MSCI Greece ETF (GREK)Expense ratio: 0.59%As a single-country fund, and a volatile one at that, the Global X MSCI Greece ETF (NYSEARCA:GREK) is best used by tactical investors. That warning aside, GREK was one of the best-performing European ETFs last year as the Greek economy started bouncing back to life.The market and economy's resurgence has been so impressive. In 2019, Greece was able to join the parade of countries issuing negative-yielding debt, an almost unthinkable act for this country as recently as five years ago. Speaking of Greek bonds, Fitch Ratings recently upgraded the country's credit rating to BB. * 7 Under-the-Radar European Stocks to Buy for 2020 "General government debt sustainability continues to improve, underpinned by a stable political backdrop, sustained GDP growth and a continuing track record of fiscal outperformance against targets," said the ratings agency in a recent note. "The Positive Outlook reflects improved prospects for political stability and policy implementation following the July parliamentary election and greater confidence that general government debt will fall at a steady pace." WisdomTree Europe Hedged Equity Fund (HEDJ)Expense ratio: 0.58%Many critics have written off currency-hedged ETFs as a relic of a bygone era. That assessment is only partially accurate, and mostly pertains to investors' enthusiasm for these funds. While that enthusiasm has waned, the WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) is still a $3.4 billion ETF.More importantly, the European Central Bank (ECB) shows no signs of reducing its easy monetary policies anytime soon. And while the Federal Reserve lowered interest rates three times last year, the dollar was still mostly strong. That helped HEDJ return an impressive 27.5%, beating the un-hedged MSCI EMU Index by 420 basis points.HEDJ is directly levered to euro weakness against the dollar because the bulk of its components are export-driven companies. Another perk: HEDJ holdings are dividend payers, many of which are steady payout growers. ProShares MSCI Europe Dividend Growers ETF (EUDV)Expense ratio: 0.55%One of the primary advantages of European equities is that, in many cases, they offer higher dividend yields than their U.S. equivalents. That's true across all sectors. While the ProShares MSCI Dividend Growers ETF (BATS:EUDV) does offer a decent yield of 2.2%, it's more of a dividend growth play.The fund tracks the MSCI Europe Dividend Masters Index, which requires that components have a minimum dividend increase streak of at least a decade."In Europe, rising earnings growth could bolster dividend growth in 2020. Investors should consider quality dividend growth stocks that typically exhibit stable earnings, solid fundamentals, strong histories of profit and growth, commitment to shareholders, and management team [conviction] in their businesses," according to ETF Trends. * 7 Industries Using AI to Benefit Shareholders Around the World EUDV holds 56 stocks, over 52% of which are U.K. and French companies. Industrial and healthcare stocks combine for 34.4% of the fund's roster. WisdomTree Europe Quality Dividend Growth Fund (EUDG)Expense ratio: 0.58%Keeping with the theme of European dividend growth there is the WisdomTree Europe Quality Dividend Growth Fund (NYSEARCA:EUDG). EUDG and the EUDV may appear to be cousins, but the reality is that they're different products. Investors will experience different outcomes over long holding periods with these European ETFs.EUDG follows the WisdomTree Europe Quality Dividend Growth Index, which sources dividend growth differently. It doesn't just rely on payout increase streaks. This fund deploys growth and quality factors to identify reliable dividend increases.Home to over 200 stocks, EUDG devotes about 58% of its weight to the industrial, consumer staples and consumer discretionary sectors. iShares MSCI Europe Small-Cap ETF (IEUS)Expense ratio: 0.40%For investors looking for a broad basket of European small-cap stocks -- an asset class that could rally as the continent's economies perk up -- the iShares MSCI Europe Small-Cap ETF (NASDAQ:IEUS) is an ETF that make sense. Some investors believe European small-caps are due to take flight this year."Unwinding 2019's flight to safety will unfold in stair steps throughout 2020, boosting cyclical equities, European and Japanese small caps," said PineBridge Investments in an interview with Bloomberg. * 7 Biometrics Stocks That Will Help Shape the Next Decade IEUS, which tracks the MSCI Europe Small Cap Index, has some benefits relative to competing domestic small-cap funds. Notably the iShares ETF, which holds almost 1,000 stocks, has lower valuations and a similar if not superior three-year standard deviation than major U.S. small-cap benchmarks. JPMorgan BetaBuilders Europe ETF (BBEU)Source: Bjorn Bakstad / Shutterstock.com Expense ratio: 0.09%Another cost-effective fund for broad-based European equity exposure is the JPMorgan BetaBuilders Europe ETF (BATS:BBEU). Low fees certainly get investors in the door, as highlighted by BBEU's $4 billion in assets in under management. That's an impressive sum for an ETF that's not quite two years old. And it's enough to make BBEU one of JPMorgan's (NYSE:JPM) largest ETFs.BBEU follows the Morningstar Developed Europe Target Market Exposure Index, "a free-float adjusted market-cap weighted index consisting of stocks traded on the primary exchanges in developed countries across Europe," according to the issuer.BBEU holds nearly 550 stocks and comes with a sturdy dividend yield of 3.3%. That's significantly more attractive than what investors will find on comparable domestic equity funds. Since its lows last August, BBEU is higher by more than 15%.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for February Contrarians * 10 of the Top Franchise Stocks to Buy Now * 5 High-Yield Stocks With High Free Cash Flow Yields The post 7 European ETFs to Buy as the Continent Begins Its Rebound appeared first on InvestorPlace.
The Global X MSCI Greece ETF (GREK) was one of 2019's best-performing single-country ETFs and with the Greek economy on increasingly sound footing, GREK could be poised for another solid showing in 2020. GREK seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The Greek economy, classified as an emerging market, has consistently been improving over the past couple of years and the country recently, to the surprise of some market observers, issued negative-yielding debt, meaning investors are paying for the privilege of owning those sovereign bonds.
Lots of countries had amazing stock-market performances last year, and some still appear cheap. Adventurous investors may want to reserve small parts of their portfolios for them.
Every major global index has risen throughout the year, with many breaching record highs as central banks moved to easy money policies to prop up economic growth.
Heightened global market risks have weighed on investors, but there are still opportunities to be found. Investors can look to targeted exchange traded funds to access various promising market segments. ...
Some single-country ETFs tracking ex-US economies have notched impressive returns this year, but few can touch the 42% returned by the Global X MSCI Greece ETF (GREK) . GREK has the potential to deliver more near-term upside. As been previously noted, an improving political environment has been a boon to GREK and Greek financial markets.
The Global X MSCI Greece ETF (GREK) has pulled back in recent days, but the lone Greece ETF remains higher by more than 39% year-to-date, indicating the recent pullback is healthy and to be expected. As been previously noted, an improving political environment has been a boon to GREK and Greek financial markets. “The center-right New Democracy party released an optimistic draft budget in September, highlighted by better macro forecasts.
European stocks and the related exchange traded funds are unlikely to catch their U.S. rivals, but there's no denying there's some momentum building for riskier assets across the pond. The S&P Europe 350 ...
The Global X MSCI Greece ETF (GREK) is up nearly 43% easily making it one of this year's best-performing non-leveraged ETFs. Obviously, GREK, the lone Greece ETF listed in the U.S., is one of 2019's stars among Europe ETFs. Data indicate Greece’s efforts to clean up what was once one of Europe’s messiest sovereign balance sheets are paying off.
It didn't seem that long ago when Greece was in a world of hurt and threatened to drag down the rest of the Eurozone with it, but the country is starting to get its financial house in order and as such, its progress is reflecting in the Global X MSCI Greece ETF (GREK) , which is up 40% based on Yahoo Finance. Per a Reuters report, the unemployment rate is "is forecast to drop to 15.6% next year from 17.4% in 2019, while Athens projects public debt will fall to 167.8% of GDP, or 331 billion euros, in 2020 from an expected 173.3% of GDP this year." Not bad for a country that had its third international bailout last year. Furthermore, its government is projecting that the country will achieve a budget surplus of 3.5% of GDP through the year 2022.
The Global X MSCI Greece ETF (GREK) , the only ETF dedicated to Greek stocks, is up more than 37% year-to-date, making it one of the best-performing emerging markets and single-country Europe ETFs in 2019. Importantly, signs continue emerging that Greek banks are firming. Bolstering Greek banks is important for GREK because the fund devotes 30.67% of its weight to the financial services sector, by far the fund’s largest sector weight.
The Global X MSCI Greece ETF (NYSEArca: GREK), the only ETF dedicated to Greek stocks, got a boost on Wednesday as more plans emerged to shore up Greece’s once downtrodden banks. GREK is up nearly 37% ...
The Global X MSCI Greece ETF (GREK) , the only ETF dedicated to Greek stocks, is slumping this month, but that may be more a symptom of weakness in emerging markets and Eurozone stocks, not a commentary on the resurgent Greek economy. In fact, more good news is emerging for GREK, a fund that is up 28.55% this year. “Greece is lifting all remaining limits on the free movement of capital outside the country after four years of restrictions, signaling a further return to normality for the country’s economy,” reports Bloomberg.
Greek markets strengthened after Finance Minister Christos Staikouras told the Financial times that the center-right New Democracy government is planning “a comprehensive tax reform that will have a four-year horizon and will accelerate growth”. The country is trying to bolster growth and rebuild credibility with investors following a decade of international bailouts backed by the European Union and International Monetary Fund. Specifically, Greece will focus on lowering income and corporation tax, cutting VAT, making tax incentives more efficient for investors and abolishing emergency levies imposed during the Greek debt crisis that were required to meet bailout creditors' standards.
The Global X MSCI Greece ETF (GREK) , the only exchange traded fund dedicated to Greek stocks, is higher by nearly 38% year-to-date, easily making it one of this year's best-performing single-country ETFs. The divided politics and a rise in populist sentiment dragged on Greek markets, but after a request by left-wing Prime Minister Alexis Tsipras to dissolve parliament, followed by a scheduled early national election, the country-related exchange traded fund is surging.
The fastest economic growth in more than a decade, the recent issue of sovereign bonds with surprisingly low yields and some ebbing in political volatility are among the factors boosting Greek stocks this year. Improving economic growth is vital to GREK's fortunes because the fund is highly levered to cyclical sectors. Financial services account for about 22% of GREK's weight and as such, have been primary drivers of the fund's stellar 2019 performance.