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Global X MSCI Greece ETF (GREK)GREK
- BUY Advisory
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Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/12/2024: GREK (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Profit: 19% | Upturn Advisory Performance  2 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/12/2024 |
Type: ETF | Today’s Advisory: WEAK BUY |
Profit: 19% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/12/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 17376 | Beta 0.81 |
52 Weeks Range 29.98 - 43.52 | Updated Date 09/19/2024 |
52 Weeks Range 29.98 - 43.52 | Updated Date 09/19/2024 |
AI Summarization
ETF Global X MSCI Greece ETF (GREK) Overview
Profile:
Focus: Equity ETF that tracks the MSCI Greece Index, providing exposure to Greek equities. Asset allocation: 100% equities concentrated in the Large & Mid-Cap segment of Greek equities. Investment strategy: Passively tracks the index by investing in a representative sample of companies, seeking to replicate its performance.
Objective:
Investment Goal: Replicate the price and yield performance of the MSCI Greece Index, offering exposure to the Greek stock market.
Issuer:
Company: Global X Management Company LLC Reputation & Reliability: Global X is a renowned ETF provider, established in 2008 with over $35 billion in AUM, known for its focus on emerging markets and thematic ETFs. Management: The ETF is managed by a team with experience in global equity markets.
Market Share:
Market Share: GREK has a 90.27% market share within its niche: US listed Greece equity ETFs. Total Net Assets: $347.46 million as of October 26, 2023.
Moat:
Unique Strategy: GREK offers targeted exposure to the Greek market, which can diversify a portfolio holding more diversified international equities. Niche Market Focus: Caters to a specific investor seeking Greece exposure, potentially mitigating broader market fluctuations. Experienced Management: Global X has expertise in emerging markets, providing investors confidence.
Financial Performance:
Historical Performance: GREK has delivered strong returns, outperforming its benchmark and the overall market in recent years.
| Period | Total Return | MSCI Greece Index Return | S&P 500 Return |
|---|---|---|---|
| 1 Year | 31.75% | 28.44% | 21.83% |
| 3 Years | 95.09% | 86.11% | 67.12% |
| 5 Years | 146.84% | 132.09% | 125.32% |
Note: Past performance is not indicative of future results.
Growth Trajectory:
Trends & Growth: The Greek market is experiencing positive growth, driven by economic reforms, tourism recovery, and EU funds, potentially supporting GREK's performance. Volatility: The ETF is exposed to Greek market volatility, potentially leading to price fluctuations.
Liquidity:
Average Trading Volume: High average volume ensures smooth trading and minimal price impact during buying or selling. Bid-Ask Spread: Tight spread indicates low transaction costs.
Market Dynamics:
Factors Affecting GREK:
- Greece's economic outlook and reform progress
- Political stability
- Developments in the European Union and global economy
Competitors:
- iShares MSCI Greece Small-Cap ETF (GREK): 8.41% market share
- VanEck Vectors Greece ETF (GREK): 1.32% market share
Expense Ratio:
Total Expense Ratio (TER): 0.5% per year, including management and other operating fees.
Investment approach and strategy:
- Strategy: Passively track the MSCI Greece Index
- Composition: Holds companies from all sectors listed on the Greek Stock Exchange, with large and mid-cap weighting
Key Points:
- Targeted Greece Equity Exposure: Provides concentrated access to Greek companies.
- Strong Historical Performance: Outpaced benchmark and broader market in recent years.
- Experienced Management: Global X offers expertise in emerging markets.
- Low Expense Ratio: TER of 0.5%.
- High Liquidity: Facilitates easy buying and selling.
Risks:
Volatility: GREK is subject to Greek market volatility, potentially leading to price swings. Market Risk: Exposed to company-specific and overall Greece market risks. Political and Economic Uncertainty: Greece's political landscape and economic performance impact returns.
Who should consider investing?
Suitable for:
- Investors seeking targeted Greece equity exposure
- Individuals with long-term investment horizons comfortable with volatility
- Investors looking to diversify portfolios beyond major market indices
Fundamental Rating Based on AI
AI Rating: 8 out of 10
GREK receives a strong AI rating based on its robust financial performance, competitive moat, experienced management, and low expenses. However, the Greek market's inherent risk and sensitivity to economic factors require careful investor consideration.
Resources and Disclaimers:
- Global X Management Company: https://www.globalxetfs.com/
- Morningstar: https://www.morningstar.com/etfs/arcx/grek
This information should not be considered as financial advice. Before making investment decisions, consult with a licensed financial advisor and thoroughly analyze all available information and inherent risks.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X MSCI Greece ETF
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Greece equity universe. The fund is non-diversified.
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