The Global X MSCI Greece ETF (GREK) invests in among the largest and most liquid companies in Greece.
The Global X MSCI Greece ETF (GREK) invests in among the largest and most liquid companies in Greece.
The Global X MSCI Greece ETF (GREK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index.
Efficient access to a broad basket of Greek securities.
Targeted single country exposure.
The first and only ETF to directly target Greece.
| Ticker | GREK |
| Inception Date | 12/7/11 |
| CUSIP | 37950E366 |
| ISIN | US37950E3669 |
| Bloomberg Index Ticker | M1CXGXA |
| Primary Exchange | NYSE Arca |
| Net Assets | $336,695,358 |
| NAV | $9.38 |
| Shares Outstanding | 35,900,000 |
| Total Expense Ratio | 0.59% |
| 30-Day SEC Yield | 2.68% |
| Distribution Frequency | Semi-Annually |
| NAV | Price | ||||
|---|---|---|---|---|---|
| Net Asset Value | $9.38 | Closing Price | $9.32 | ||
| Daily Change | $0.14 | 1.53% | Daily Change | $0.09 | 0.98% |
Cumulative %Data as of month end (8/31/19) |
Fund NAV | Closing Price | Index |
|---|---|---|---|
| 1 Month | -4.99% | -5.07% | -4.97% |
| 3 Months | 3.90% | 1.22% | 3.94% |
| 6 Months | 17.88% | 16.87% | 18.16% |
| Since Inception | -32.11% | -33.23% | -26.80% |
Avg Annualized %Data as of month end (8/31/19) |
Fund NAV | Closing Price | Index |
|---|---|---|---|
| 1 Year | 8.96% | 8.59% | 10.36% |
| 3 Years | 10.46% | 10.16% | 11.43% |
| 5 Years | -13.43% | -13.90% | -12.68% |
| Since Inception | -4.89% | -5.09% | -3.95% |
Avg Annualized %Data as of quarter end (6/30/19) |
Fund NAV | Closing Price | Index |
|---|---|---|---|
| 1 Year | 7.00% | 7.64% | 7.53% |
| 3 Years | 14.48% | 12.48% | 15.41% |
| 5 Years | -14.12% | -14.17% | -13.41% |
| Since Inception | -4.59% | -4.69% | -3.63% |
The Fund's name, investment objective and investment strategies changed effective March 1, 2016. Fund performance prior to March 1, 2016 reflects the investment objective and strategies of the Fund when it was the Global X FTSE Greece 20 ETF, which tracked the FTSE/ATEHX Custom Capped Index. Therefore the Hybrid Greece Index (noted as "Index" above in the chart) consists of the FTSE/ATHEX Custom Capped Index from inception through February 29, 2016 and then the MSCI All Greece Select 25/50 Index thereafter.
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
| Return on Equity | 3.40% | |
| Average Market Cap | $1,656.00 M | |
| 2018 | 2019 | |
| Price-to-earnings | 35.18 | 18.25 |
| Price-to-book value | 0.62 | 0.61 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 0.62 |
| MSCI EAFE | 0.99 |
| MSCI Emg. Mkts | 0.67 |
| Standard Deviation | 22.70% |
Source: AltaVista Research, LLC
| Net Assets % | Name | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|
| 12.30 | HELLENIC TELECOM | 13.70 | 3,021,798 | 41,398,163.69 |
| 9.02 | ALPHA BANK AE | 1.84 | 16,514,553 | 30,385,898.89 |
| 8.25 | EUROBANK ERGASIAS SA | 0.91 | 30,385,060 | 27,785,052.65 |
| 6.47 | OPAP SA | 10.84 | 2,010,770 | 21,797,085.57 |
| 5.46 | NATIONAL BANK OF GREECE | 2.88 | 6,380,707 | 18,374,059.84 |
| 5.35 | JUMBO SA | 19.30 | 934,299 | 18,029,423.18 |
| 5.03 | PIRAEUS BANK S.A | 3.43 | 4,938,993 | 16,948,705.75 |
| 3.63 | TITAN CEMENT INT | 20.11 | 608,453 | 12,233,803.39 |
| 3.25 | GASLOG PARTNERS LP | 19.61 | 558,205 | 10,946,400.05 |
| 3.11 | GASLOG LTD | 13.92 | 752,355 | 10,472,781.60 |
| Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables. | ||||
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely. GREK is non-diversified.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.
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