Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

This Greece ETF, Down 2.6%, Was Wednesday’s Worst Performing Fund

Thursday, February 9, 2017 5:09
% of readers think this story is Fact. Add your two cents.

The Global X FTSE Greece 20 ETF (GREK) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -2.62% one-day return and trailing the wider markets by a total of 2.75 percentage points.

Behind The Losses

GREK closed today at $7.43 per share, down $0.20 (-2.62%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.30 (+0.13%) on the day.

GREK’s trading volume today was a total of 773,247 shares, which was an increase of 98% versus its average daily trading volume of 390,502. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as Wednesday’s losses, GREK has now fallen a total of -4.62% year-to-date, versus a 2.55% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

Global X FTSE Greece 20 ETF is an Equity-focused product issued by Global X Management. Its expense ratio of 0.63% makes it the #78 cheapest ETF among 89 total funds in the European Equities ETFs category.

GREK currently boasts $268.81M in assets under management (AUM), placing it #23 of 89 ETFs in its category, and #587 of 1916 total ETFs in the U.S. exchange traded universe.

The investment objective of the Global X MSCI Greece is to reflect broad based equity market performance in Greece. The index is comprised of the top 20 companies listed on the Athens Exchange by market capitalization.

With Greek stocks once again slumping amid trouble coming to terms on its debt with EU regulators, GREK continues to underperform.


GREK currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #67 of 91 funds in the European Equities ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit GREK’s ticker page.

Want Important ETF Info Delivered Straight To Your Inbox?

The ETF Daily News Free Daily Newsletter will brief you on top news and analysis, as well as top performing ETFs, each and every day. Get it free »

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.