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About Global X MSCI Greece ETF
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Inception date
Dec 7, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
GREK is a well established ETF that tracks a market-cap weighted index of Greek equities. When the Athens stock market closed in late June 2015, GREK continued to trade in New York. During that period the ETF’s issuer used fair-value estimates of the dormant stocks— a reasonable step—which explains the large gap down in NAV vs. the frozen index when the market closed. The index caught up with the NAV when markets reopened in early August. The fund mostly traded at a premium during that time as APs were unable or unwilling to step in to drive the price down closure to NAV. Still, GREK functioned well during the crisis. GREK made a material change to its underlying index on March 1 2016, switching to the capped MSCI All Greece Select 25/50 Index from an FTSE index. In all, GREK continues to provide extremely concentrated but reflective exposure to Greek equities in a viable wrapper.
Classification
What's in the fund
Exposure type
Finance
Utilities
Stock breakdown by region
Top 10 holdings
GREECE ETF MSCI: More pain aheadExpect price to move lower.
As to Greece's economy, after the bankruptcy of 2010 and the many years of austerity, Greece was presenting clear improvement in its macroeconomic figures since 2018. Unfortunately the Covid-19 crisis has the potential to turn to a Mega Crisis and therefore this year and
Gain on GREK's uptrendSince the last few months, powered by the new elected government in Greece, GREK has been recovering. This recovery has to do with greater expectations investors have from the new government. GREK shows a clearly established upternd. A reasonable strategy would be to wait until the current swing is
GREK: Greece ETF, potential for +20% profit.GREK has broken upwards in late May following a Golden Cross formation in late April. The last 3 times a Golden Cross took place the ETF rose (on the cross date) by +8.40% once and roughly over +30% twice. Currently it is already up by +8.40% from the Golden Cross occurrence so if it starts breaking
GREK Wave 2 of Intermediate Cycle is currently on Wave 2 of 5 is currently unfolding with a target in the 7.85 resistance area box. It is likely to last for another 2 months until it's termination. If that scenario holds, a long wave 3 it is likely to unfold and give a good chance for a bull market to last for several months.
Wave 3 can start unf
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GREK trades at 55.00 USD today, its price has fallen −0.25% in the past 24 hours. Track more dynamics on GREK price chart.
GREK net asset value is 54.64 today — it's risen 11.49% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
GREK assets under management is 241.27 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GREK price has risen by 11.71% over the last month, and its yearly performance shows a 33.72% increase. See more dynamics on GREK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.49% over the last month, showed a 28.29% increase in three-month performance and has increased by 38.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.49% over the last month, showed a 28.29% increase in three-month performance and has increased by 38.93% in a year.
GREK fund flows account for −11.33 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GREK invests in stocks. See more details in our Analysis section.
GREK expense ratio is 0.57%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GREK isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, GREK technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GREK shows the strong buy signal. See more of GREK technicals for a more comprehensive analysis.
Today, GREK technical analysis shows the buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating GREK shows the strong buy signal. See more of GREK technicals for a more comprehensive analysis.
Yes, GREK pays dividends to its holders with the dividend yield of 3.23%.
GREK trades at a premium (0.66%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GREK shares are issued by Mirae Asset Global Investments Co., Ltd.
GREK follows the MSCI All Greece Select 25-50. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 7, 2011.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.