The Global X MSCI Greece ETF (GREK) is the first and only ETF to directly target Greece, providing passive exposure to this vibrant economy. Although Greece’s turnaround following the 2008 Financial Crisis has flown under many investors’ radars, it has been extremely impressive, including vast improvement in the banking sector, a credit-rating upgrade back to Investment Grade, a market friendly government, and encouraging reforms. We see more potential positive catalysts ahead, from attractive valuations and the potential resumption of dividend payments by Greek banks to the distribution of European Union Recovery Resilience Funds and a possible reclassification to Developed Market status. Overall, we view Greece as a nation that offers Western European stability at Emerging Europe prices, all with a growth profile that appears more favorable than the European Union as a whole. View the full report here.
Related ETF
GREK – Global X MSCI Greece ETF
Related ETF
GREK – Global X MSCI Greece ETF
Category:International Access