Despite being heavily tied to Greece, investor interest is strong, with the fund’s shares trading more than 80,000 per day.
On top of SEA’s heavy ties to Greece, it is important to take note of the Baltic Dry Index, which has “long [been]scrutinized by economists and some investors as a leading indicator of global trade levels,” reports David Cottle of the Source.
In 2008, this index plummeted from a peak of 11,793 points on May 20 to 663 by Dec. 3. Currently, it stands at about 2500 points.
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Sumin Kim contributed to this article.