The Global X MSCI Greece ETF (NYSEArca: GREK), the only exchange traded fund dedicated to Greek stocks, is sporting a solid year-to-date gain and data suggest some investors are embracing the Greece fund.

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. Greece is classified as an emerging market.

“The strongest investor interest for Global X country strategies has been in a fund tracking Greek equities, Global X’s Jay Jacobs said,” reports Bloomberg. “The Global X MSCI Greece ETF (ticker GREK) is the only U.S.-listed fund with exposure to the country, seeing almost $55 million in inflows this year.”

The ETF allocates about 29% of its weight to the financial services sector and another 20.5% to energy stocks. GREK is also heavily exposed to Greek consumer trends with the consumer discretionary sector accounting for almost 19% of the ETF’s weight. Greece’s ability to deal with creditors could prove pivotal to GREK’s fortunes in 2018.

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