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About Global X MSCI Greece ETF
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Inception date
Dec 7, 2011
Structure
Open-Ended Fund
Replication method
Physical
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 ETFs issuer used fair-value estimates of the dormant stocks a reasonable stepwhich 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Utilities
Stocks99.88%
Finance53.29%
Utilities11.31%
Transportation7.15%
Energy Minerals5.62%
Communications5.36%
Retail Trade4.32%
Consumer Services4.15%
Non-Energy Minerals3.40%
Industrial Services2.66%
Consumer Non-Durables1.32%
Technology Services1.31%
Bonds, Cash & Other0.12%
Cash0.12%
Miscellaneous0.00%
Stock breakdown by region
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 53.29% stocks, and Utilities, with 11.31% 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 15.58% and 11.49% of the portfolio correspondingly.
GREK last dividends amounted to 0.88 USD. Six months before that, the issuer paid 1.68 USD in dividends, which shows a 89.83% decrease.
GREK assets under management is 282.72 M USD. It's risen 22.93% over the last month.
GREK fund flows account for 15.94 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 3.08%. 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 8.55% over the last month, and its yearly performance shows a 49.55% increase. See more dynamics on GREK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.67% over the last month, showed a 18.69% increase in three-month performance and has increased by 50.61% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 9.67% over the last month, showed a 18.69% increase in three-month performance and has increased by 50.61% in a year.
GREK trades at a premium (0.64%) meaning the ETF is trading at a higher price than the calculated NAV.