Greece ETF Derailed by S&P Downgrade

With Friday’s declines, GREK is still up nearly 7% this week, but that is a far cry from the 25% two-day gain the ETF posted to start the week. [Troika Troubles for Greece ETF]

The ETF’s big gains on Monday and Tuesday appeared to lure investors. Through Thursday, $14.7 million in new assets came into GREK, or 9.3% of the ETF’s current assets under management.

Global X FTSE Greece 20 ETF

ETF Trends editorial team contributed to this post.