Key stats
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 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
Stocks99.97%
Finance53.17%
Utilities11.26%
Transportation6.26%
Communications5.85%
Energy Minerals5.06%
Consumer Services5.00%
Retail Trade4.48%
Non-Energy Minerals3.52%
Industrial Services3.14%
Consumer Non-Durables1.24%
Technology Services0.99%
Bonds, Cash & Other0.03%
Cash0.03%
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