GVAL tracks companies with strong value characteristics over 45 different countries from both developed and emerging economies, targeting the cheapest, most liquid picks in countries where political or economic crisis have depressed valuations. GVAL’s portfolio shows a 11.2 P/E, 1.1 P/B and a 0.6 P/S.[Global Bargains With This ETF]

The SPDR S&P Emerging Europe ETF (NYSEArca: GUR) has a 5.3% weight to Greek stocks, enough to have the fund trading lower by 3.7%, though volume is light to this point. Greece is the fourth-largest country in GUR behind Russia, Turkey and Poland.

GUR tracks the S&P European Emerging BMI Capped Index. S&P is one of the index providers that classifies Greece as an emerging market, making the country eligible for inclusion in GUR. GUR, which features no Greek stocks among its top 10 holdings, is little changed this year.

Guggenheim Global Shipping ETF