|Bid||9.05 x 1000|
|Ask||9.92 x 2200|
|Day's Range||9.86 - 9.94|
|52 Week Range||6.77 - 9.99|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||43.60%|
|Beta (5Y Monthly)||1.09|
|Expense Ratio (net)||0.59%|
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.
Pigs may not fly, but it appears as though the PIIGS are doing just that. Over the past 12 months, their stock markets on average have outperformed the S&P 500 (SPX) — as you can see from the accompanying chart. Particularly noteworthy is the performance of equities in Greece — the country whose economy was arguably in the worst shape of any of the PIIGS.
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.
The Global X MSCI Greece ETF (GREK) , the only exchange traded fund dedicated to Greek stocks, is up more than 37% year-to-date, easily making it one of 2019's best-performing single-country ETFs, but there may be some more upside left in the Greek fund. 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 advent of a single-party majority government in Greece (BB-/Stable) should help cement the improvement in political stability seen in recent years,” Fitch Ratings says.
Most corners of ETF investing have performed exceptionally well while a few areas are lagging. Below, we have highlighted the best and worst zones of the first half and their ETFs.
Global stock markets are on track to record their best first-half performance in more than 20 years. We highlight four top-performing country ETFs that are up more than 30%.