2024-02-09 11:15:55 ET
Summary
- 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.
- GREK's valuations are dirt-cheap, and could still benefit from Eurozone-focused investors looking for bargain rotational opportunities.
- However, the reward to risk on the standalone chart looks a bit dicey.
Introduction
The Global X MSCI Greece ETF ( GREK ), a $200m sized product that covers 26 stocks, has proven to be quite a handy product over the past year, delivering total returns of 33%, at a time when Eurozone stocks have only witnessed upside of high-single-digits....
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For further details see:
GREK ETF: Almost Ideal