Mobius, who has risen to acclaim for his investing acumen in emerging and frontier markets, was previously forced to shy away from Greece because the country was classified as a developed market. That changed this year when three index providers – Russell Investments, MSCI and S&P Dow Jones Indices – demoted Greece to emerging status.
Despite the demotion, GREK still ranks among the best single-country Europe ETFs this year. In a sign that investors have not shied away from controversial fare, GREK has outperformed its less volatile Dutch, French and German equivalents, to name a few. [10 Best Europe Country ETFs in 2013]
Global X FTSE Greece 20 ETF
ETF Trends editorial team contributed to this post.