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Latest News for GREK
GREK: Still Flashing The Value Card, But Some Caution Is Still Warranted
The Global X MSCI Greece ETF which has delivered 25% YTD returns, and outperformed European and global peers by 1.7-2x, still trades at a 25-40% valuation discount. GREK's portfolio is heavily weighted to financials, but Greek banks face an unappealing credit environment and higher provisioning. Upcoming reclassification of Greece to developed market status may trigger net outflows and increase volatility for GREK…
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