Although Finland lost its AAA credit rating in October, the country still sports an AA+ plus rating, well above Greece’s, and the iShares MSCI Finland Capped ETF (BATS: EFNL) is up 3.2% this year compared to a 20.2% loss for GREK. [Greek Drama Extends as Greece ETF Flirts With new Lows]
Since plunging 19% on June 29, GREK has surged 12.6%, a performance that accounts for Monday’s drubbing. For nearly two weeks, GREK has been the only game in town for Greek stock as the Athens Stock Exchange has been closed and European ETF giant Lyxor was forced to close a Germany-listed Greece ETF.
Perhaps surprisingly, investors added $66.3 million to GREK last month, according to ETF.com data, the most among the five single-country PIIGS ETFs. GREK has not lost or added any money this month.
Global X FTSE Greece 20 ETF
