Bloomberg also notes that Russia’s RTS Index needed five years to get back to where it was prior shedding 93% during its 1998 debt crisis. For as strong as the iShares MSCI Thailand Capped ETF (NYSEArca: THD) has been during its just over seven-year history, Thailand’s benchmark SET Index has yet to get all the way back to the levels seen prior to the 1998 Asian debt crisis. [Thailand ETFs Rises Despite Small Outflows]
And for as strong as Japanese stocks and the corresponding U.S.-listed ETFs have been over the last three years, Japan’s Nikkei 225, “which tumbled as much as 80 percent from its record, is still 46 percent lower than the all-time high as the nation struggles to revive the economy amid an aging population,” according to Bloomberg.
The lesson: It might be a while before GREK sniffs the $20s again.
Global X FTSE Greece 20 ETF
