“In our opinion, if the new Greek government fails to agree with official creditors on further financial support, this would further weaken Greece’s creditworthiness,” said S&P.
S&P currently rates Greek government debt B, or five levels below investment-grade territory. Even with the volatility and negative headlines, investors have added nearly $41 million to GREK since the start of the year, bringing the ETF’s assets under management total to nearly $120 million.
Global X FTSE Greece 20 ETF
ETF Trends editorial team contributed to this article.