Global X - MSCI Greece ETF
GREK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Dec 8, 2011
- CIK
- 0001432353
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X MSCI Greece ETF (GREK) is an exchange-traded fund that seeks to correspond to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index, a free float-adjusted market capitalization-weighted index that measures the equity market performance of the broad Greece equity universe. The fund normally invests at least 80% of its total assets in the securities of the underlying index or in American Depositary Receipts and Global Depositary Receipts based on the component securities of the underlying index, including securities classified in Greece according to MSCI's Global Investable Market Index Methodology as well as companies headquartered or listed in Greece that conduct the majority of their operations there; top holdings include National Bank of Greece S.A. (14-15%), Eurobank Ergasias Services and Holdings S.A. (10-11%), Piraeus Financial Holdings S.A. (9-10%), and Alpha Bank S.A. (9%), with sector allocations led by financials (approximately 49%), industrials (16%), consumer discretionary (11-12%), utilities (7%), and energy (5%). Launched on December 7, 2011 and domiciled in the United States, GREK trades on NYSE Arca with a net expense ratio of 0.57%, approximately $284-308 million in assets under management, and semi-annual distributions yielding around 3.8-4%. GREK provides targeted exposure to large- and mid-cap Greek equities across diversified sectors, serving investors seeking single-country developed market access outside the core eurozone with a focus on liquidity (minimum USD 25 million average daily traded value threshold for index constituents, typically 15-34 holdings). The fund is issued and managed by Global X Management Company LLC, a subsidiary of Mirae Asset Financial Group headquartered in New York, New York. In recent developments, Daiwa Securities Group Inc. converted its $120 million investment in Global X convertible bonds into a 20% equity stake in Global X Management Company in early 2025, strengthening the issuer's strategic partnership and growth in ETF innovation. Additionally, Euronext successfully completed its voluntary share exchange offer in November 2025 to acquire Hellenic Exchanges - Athens Stock Exchange (ATHEX), integrating Greek trading into its pan-European platform with targeted €12 million annual synergies by 2028, which may enhance market depth and liquidity for GREK's underlying constituents. These changes coincide with Greece's robust economic recovery, positioning GREK for outperformance amid rising GDP growth and structural reforms.