UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
GREK
GREK NYSE
Global X MSCI Greece ETF · by Global X
Price
€85.55
YTD return
+18.50%
1Y return
28.80%
Expense ratio
0.57%
Dividend yield
2.50%
AUM
$180M
GREK provides exposure to Greek equities during a remarkable post-crisis recovery. Greek stocks have delivered extraordinary returns as the country emerges from its decade-long economic crisis with reformed banks and improving fundamentals.
GREK: Greece's Phoenix-Like Recovery
The Global X MSCI Greece ETF provides access to one of Europe's most compelling recovery stories. After a devastating economic crisis that saw GDP decline by 25% and banks nearly collapse, Greece has emerged with reformed institutions, recapitalized banks, and strong growth momentum.
Banking Recovery
Greek banks have been completely recapitalized and restructured. Non-performing loans have been reduced from 50% to under 10%, and profitability has recovered. Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank dominate the market.
Investment Grade Return
Greece's upgrade to investment grade status by major rating agencies has attracted international institutional capital and reduced borrowing costs, creating a positive feedback loop for economic growth and stock market performance.
Tourism and Shipping
Greece is one of the world's top tourist destinations and the global leader in shipping (Greek-owned ships carry about 20% of global trade). Both sectors provide strong economic tailwinds.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Alpha Services | ALBKY | Financial | 18.50% | $1.26 0.00% |
| 2 | Eurobank | EGFEY | Financial | 15.20% | — |
| 3 | National Bank of Greece | NBGIF | Financial | 12.80% | $19.50 2.63% |
| 4 | OPAP SA | GRKZF | Consumer Cyclical | 8.50% | — |
| 5 | Hellenic Telecom | HLTOY | Communication | 6.20% | $11.51 -1.20% |
Frequently asked questions
Is Greece still risky after the debt crisis?
Greece has undergone significant reforms since the crisis. Bank recapitalization, debt restructuring, and investment-grade upgrades have substantially reduced risk, though vigilance is still warranted.
What sectors dominate the Greek market?
Banking (60%+ of the index), energy (Hellenic Petroleum), telecoms (OTE), and gaming (OPAP) are the primary sectors in the Greek equity market.
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Community
GREK discussion
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