Global X MSCI Greece ETFGlobal X MSCI Greece ETFGlobal X MSCI Greece ETF

Global X MSCI Greece ETF

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Key stats


Assets under management (AUM)
‪244.95 M‬USD
Fund flows (1Y)
‪−11.33 M‬USD
Dividend yield (indicated)
3.27%
Discount/Premium to NAV
0.7%
Shares outstanding
‪4.41 M‬
Expense ratio
0.57%

About Global X MSCI Greece ETF


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Inception date
Dec 7, 2011
Structure
Open-Ended Fund
Index tracked
MSCI All Greece Select 25-50
Replication method
Physical
Management style
Passive
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


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Vanilla
Geography
Greece
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of May 29, 2025
Exposure type
StocksBonds, Cash & Other
Finance
Utilities
Stocks99.75%
Finance56.00%
Utilities10.65%
Transportation6.01%
Communications5.40%
Energy Minerals4.78%
Consumer Services4.57%
Retail Trade4.20%
Non-Energy Minerals3.20%
Industrial Services2.91%
Consumer Non-Durables1.12%
Technology Services0.92%
Bonds, Cash & Other0.25%
Cash0.25%
Miscellaneous0.00%
Stock breakdown by region
100%
Europe100.00%
North America0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


GREK invests in stocks. The fund's major sectors are Finance, with 56.00% stocks, and Utilities, with 10.65% of the basket. The assets are mostly located in the Europe region.
GREK top holdings are National Bank of Greece S.A. and Eurobank Ergasias Services & Holdings SA, occupying 15.96% and 12.10% of the portfolio correspondingly.
GREK last dividends amounted to 1.68 USD. Six months before that, the issuer paid 0.12 USD in dividends, which shows a 92.75% increase.
GREK assets under management is ‪244.95 M‬ USD. It's risen 27.64% over the last month.
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.
Yes, GREK pays dividends to its holders with the dividend yield of 3.27%. The last dividend (Jan 7, 2025) amounted to 1.68 USD. The dividends are paid semi-annually.
GREK shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Dec 7, 2011, and its management style is Passive.
GREK expense ratio is 0.57% meaning you'd have to pay 0.57% of your investment to help manage the fund.
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.
GREK invests in stocks.
GREK price has risen by 11.70% 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.
GREK trades at a premium (0.66%) meaning the ETF is trading at a higher price than the calculated NAV.