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Global X MSCI Greece ETF GREK

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The Fund invests at least 80% of its total assets in the securities of the MSCI All Greece Select 25/50 Index (Underlying Index) and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Underlying Index. The Fund also invests at least 80% of its total assets in securities of companies that are economically tied to Greece. The Fund's 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received).


ARCA:GREK - Post by User

Bullboard Posts
Post by ANONYM0USon Jul 13, 2015 2:59am
119 Views
Post# 23917061

Losers By Their Own Hand

Losers By Their Own Handsee my other posts on this board........GREECE, one of the only places in the world....... where tax evasion is a sport.....where people vote in a left-wing gov't promising the impossible (the realistic result with this guy was closer to total poverty).......where the people vote OXI---No, and now wonder what went wrong.......where the banks will be closed for a 3rd week and people can't access their money, but maybe the worst is yet to come when the left-wingers access their cash for them. Greece is nave and doesn't understand the 1st principles of business 101. You cannot pay-out more than you take in. If you do, you will be bankrupt. Tax evasion and early retirement pension plus tax breaks will result in a disaster....here we are. Greece, don't blame the creditors for wanting guarantees and collateral....they already trusted you twice...burned twice, 3 times shy....If I told my mortgage company that I couldn't and wouldn't pay but I wanted another $100k to pay off other debts they would foreclose and get the courts to seize any assets I owned (even though the entire neighbourhood voted in my favour). Why should Greece be any different??? Business 101.
Bullboard Posts