Global X MSCI Greece Price, Forecast, Insider, Ratings, Fundamentals & Signals

GREK is the only pure-play Greece ETF in the US, offering exposure to Greek equities at attractive valuations. The fund is concentrated in financials and mid-caps, with strong recent performance but much higher volatility compared to other European ETFs. I like GREK for its unique position as a European growth story, and I think it has more room to run.

The Global X MSCI Greece ETF has delivered strong returns of 33% in the past year, outperforming Eurozone stocks by 3.6x. Greece is expected to grow at 2x the pace of Europe this year. Investments in Greece are poised to surge by 15% this year, and Greek banks which account for 43% of GREK look well-placed to participate in this momentum.

A subject you don't read about a lot in the business media is investing in Greece. Europe? Sure.

Although the S&P 500 has offered a sturdy performance this year, a few country ETFs have beaten the S&P 500 this year.

Greece's economy is showing strong signs of recovery and growth, making it an opportune time to consider investing in Global X MSCI Greece ETF. The GREK ETF provides exposure to the Greek economy and has performed well, outperforming the S&P 500. Investing in GREK offers the advantage of exposure to a recovering economy, low expense ratio, and strong performance, but carries risks associated with the Financials sector and country-specific uncertainties.

The Global X MSCI Greece ETF is the only diversified option for exposure to liquid stocks from Greece, covering around 26 stocks with a weighted average market-cap of $4bn. The macroeconomic backdrop of Greece is positive, with relatively solid GDP growth, a thriving tourism sector, and a healthy labor market. The ruling government's stability and commitment to reforms and investment growth, along with better fiscal prudence, are expected to contribute to the country's economic improvement.

A little over eleven years ago, I invested in a handful of Greek stocks and posted about the experience. This post is a follow-up to that one. While I initially bought the stocks above, I did not hold this portfolio over the last eleven years. Most of the money I earned from the portfolio was invested in a fund I started in 2017. I do, however, want to know how my stock picks did over time. The core portfolio return was much better than that of US-listed Greek ETF, GREK, which is not too far from where it was eleven years ago.

As the second-quarter draws to a close, Wall Street and global markets, must be interested in knowing which country ETFs won in the second quarter.

The Global X MSCI Greece ETF has outperformed the rest of the Euro area this year. With more catalysts on the horizon, the rally still has legs. At the current discount to book, the bank-heavy GREK ETF offers compelling re-rating potential.

Greece's stock market is up nearly 40% in 2023, outperforming other major geographic equity areas. The MSCI Greece ETF (GREK) offers a solid value with improved technical trends and a low P/E ratio. Risks include a concentrated portfolio and soft seasonal trends through August, but the summation of factors makes GREK a buy.