Related: Good News for the Greece ETF
Eurozone and emerging markets stocks are attractively valued relative to the U.S. and those discounts are evident with some of GREK’s holdings. That theme has been prompting investors to revisit the lone ETF trading in the U.S. that is dedicated to Greek stocks.
“While the Greek economy remains fragile, recent developments have given investors reason to believe the tide may be turning after a difficult 8 year period,” notes Global X. “Returning the country to a primary budget surplus has ‘stopped the bleeding’ by somewhat alleviating tensions in creditor negotiations and stabilizing the overall economy. In the first half of 2017, Greece demonstrated 0.8% economic growth driven by rising consumption and exports, possibly setting the country up for its highest annual economic growth since 2007.”
For more information on the Greek markets, visit our Greece category.