GREK, home to $346.8 million in assets under management, holds 32 stocks. 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. Related talks commence early next year.

“Success in the next round of talks with creditors, early in 2018, should finally provide the necessary conditions,” reports Bloomberg. “The IMF is no longer the barrier to progress it was: It stepped out of the way to allow Greece to increase its debt-load in July. It also softened its requirements on stress tests and bank asset reviews. Domestic politics are also less of an issue. Elections aren’t due for two years, and the ruling Syriza party’s ratings in the polls are lifting as the economy improves.”

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