ETF Trends publisher Tom Lydon discussed Global X MSCI Greece ETF (GREKon this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

GREK is one of this year’s best performing single-country ETFs that’s +26.4% YTD. Greece is also categorized as an emerging market, so GREK is also one of this year’s best performing single-country EM ETFs.

Greece is putting behind its financial crisis. Many may remember the European financial crisis, which centered around Greece’s debt problems or the government’s inability to pay back loans.

However, through austerity measures and seven years of tax and social reform that slashed pensions, wages and social benefits, Greece came out with a budget surplus of 0.7% of GDP last year.

GREK tracks the largest and most liquid companies in Greece with 32 holdings.

Top holdings include Alpha Bank 14.1%, Hellenic Telecommunications Organization 11.5%, National Bank of Greece 9.1%, and Greek Organization of Football Prognostics 8.2%.

Click here to listen to the podcast.