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Why Greece? Why GREK?

Oct 4, 2024

View all Paul Dmitriev's ArticlesPaul DmitrievPaul Dmitriev

The Global X MSCI Greece ETF (GREK) is the first and only ETF to directly target Greece, providing passive exposure to this vibrant economy. Although Greece’s turnaround following the 2008 Financial Crisis has flown under many investors’ radars, it has been extremely impressive, including vast improvement in the banking sector, a credit-rating upgrade back to Investment Grade, a market friendly government, and encouraging reforms. We see more potential positive catalysts ahead, from attractive valuations and the potential resumption of dividend payments by Greek banks to the distribution of European Union Recovery Resilience Funds and a possible reclassification to Developed Market status. Overall, we view Greece as a nation that offers Western European stability at Emerging Europe prices, all with a growth profile that appears more favorable than the European Union as a whole. View the full report here.

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GREK – Global X MSCI Greece ETF

Category: Articles

Topics: Emerging Markets

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This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalized investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. GREK is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the fund’s full or summary prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.