Black Monday was very black indeed for Greek stocks as the Athens Stock Exchange tumbled 10.5 percent. If Greece was still a developed market, which it is not, that would have been good for the worst decline among developed market equity bourses.
As it was, the 10.5 percent slide experienced by Greek stocks was more than double that of their Spanish counterparts. Stocks in fellow PIIGS countries Italy and Portugal lost less than 6 percent. Athens shocks were enough to send the Global X FTSE Greece 20 ETF (NYSE: GREK) lower by 6.8 percent in New York on Monday, helping the lone dedicated Greece ETF to join 289 others in the new all-time low club for ETFs.
With another change in power and elections slated for perhaps as early as September 20, GREK and Greek equities will be captivating global investors' attention ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5788162/going-greek-unique-etfs-for-accessing-greek-stocks alt=Going Greek: Unique ETFs For Accessing Greek Stocks>Full story available on Benzinga.com
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