“What happens next? Formation of a coalition is expected to have a positive impact on Greek equity prices. However, failure to form a coalition or significant changes to financial terms proposed by the Eurozone are expected to have a negative impact on Greek equity prices. This is a highly volatile ETF, which can be best used to get a feel for the market before official announcements come out. Stay tuned by watching price action of the Global X Greece 20,” Vialoux said.
The Greece ETF has climbed back above its 50-day moving average. The fund is relatively small with $5.4 million in assets under management.
Global X FTSE Greece 20 ETF
