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ETFs

Global X MSCI Greece ETF

GREK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 07 2011
Expense Ratio
0.56%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$3,535,170
AUM
$152,976,171
Associated Index
MSCI All Greece Select 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EUROB
EUROBANK ERGASIAS SERVICES A
10.74%
OPAP
OPAP SA
9.46%
HTO
HELLENIC TELECOMMUN ORGANIZA
8.56%
ALPHA
ALPHA SERVICES AND HOLDINGS
8.34%
ETE
NATIONAL BANK OF GREECE
7.22%
BELA
JUMBO SA
4.91%
MYTIL
MYTILINEOS S.A.
4.86%
TENERGY
TERNA ENERGY SA
4.82%
PPC
PUBLIC POWER CORP
4.63%
TPEIR
PIRAEUS FINANCIAL HOLDINGS S
4.38%
Invest with GREK

What is GREK?

The Global X MSCI Greece ETF 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. The MSCI All Greece Select 25/50 Index is designed to represent the performance of the broad Greece equity universe, while including a minimum number of constituents. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece. Further, the Index only includes securities with a minimum liquidity threshold of USD 25,000,000 average daily traded value, subject to 15 constituents being included in the Index. If not, securities are added in the decreasing order of average daily traded value until 15 securities are selected. The index targets a minimum of 15 securities at construction.

ETFs related toGREK

ETFs correlated to GREK include DWM, PXF, VGK

GREK
Global X Funds - Global X MSCI Greece ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
DFIC
Dimensional ETF Trust - Dimensional International Core Equity 2 ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
DOL
WisdomTree Trust - WisdomTree International LargeCap Dividend Index
EFV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Value ETF
JHMD
John Hancock Investment Management LLC - John Hancock Multifactor Developed International ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGREK

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with GREK using Composer

FAQ

GREK is a Global Ex. US Equities ETF. The Global X MSCI Greece ETF 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. The MSCI All Greece Select 25/50 Index is designed to represent the performance of the broad Greece equity universe, while including a minimum number of constituents. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece. Further, the Index only includes securities with a minimum liquidity threshold of USD 25,000,000 average daily traded value, subject to 15 constituents being included in the Index. If not, securities are added in the decreasing order of average daily traded value until 15 securities are selected. The index targets a minimum of 15 securities at construction.

GREK tracks the MSCI All Greece Select 25/50 Index.

No, GREK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GREK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GREK is -0.0504%. This is the percent change in the value of GREK over the most recent 1-month period. The 3-month return on GREK is 0.1458%. This is the percent change in the value of GREK over the most recent 3-month period.

The standard deviation of GREK for the past year is 0.2851%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GREK include EWJ, EWW, and EWZ.

ETFs correlated to GREK include DWM, PXF, and VGK.

ETFs that are inversely correlated to GREK include EPV, EFZ, and SEF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.