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Why Greece? Why GREK?

Oct 04, 2024

Paul 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
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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.

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