Overview
Single-country exposure to Greece's equity market. Heavy weighting in banking and shipping companies. One of Europe's best-performing equity markets in recent years following economic recovery.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| ETE | National Bank of Greece | 18.4% |
| EUROB | Eurobank Ergasias | 16.8% |
| ALPHA | Alpha Bank | 14.4% |
| TPEIR | Piraeus Bank | 12.8% |
| OPAP | OPAP SA | 8.4% |
| HTO | Hellenic Telecom | 6.8% |
| MOH | Motor Oil Hellas | 5.4% |
| MYTIL | Mytilineos SA | 4.8% |
| BELA | Jumbo SA | 4.4% |
| GEK | GEK Terna | 3.8% |
Fund Details
Investment Thesis
Greece's economy and equity market have undergone a remarkable rehabilitation since the 2010-2015 debt crisis. Greek banks have cleaned up their balance sheets, non-performing loan ratios have fallen dramatically, and earnings have recovered to pre-crisis levels. The tourism sector generates record revenues annually, and Greece's strategic location benefits from nearshoring and energy infrastructure investment.
Who It's For
Contrarian investors with conviction in Greek economic normalization and Southern European recovery. GREK is highly concentrated in the banking sector, making it a leveraged bet on Greek financial system health. Suitable for investors who have studied the Greek turnaround story in depth and want direct country equity exposure to a market that remains inexpensively valued relative to its improved fundamentals.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $7.82 | -- |
| 2017 | $13.42 | +71.6% |
| 2018 | $9.18 | -31.6% |
| 2019 | $14.42 | +57.1% |
| 2020 | $11.82 | -18.0% |
| 2021 | $16.42 | +38.9% |
| 2022 | $10.18 | -38.0% |
| 2023 | $21.82 | +114.3% |
| 2024 | $28.42 | +30.2% |
| 2025 | $35.42 | +24.6% |
| Year | Yield |
|---|---|
| 2016 | 1.82% |
| 2017 | 1.62% |
| 2018 | 1.88% |
| 2019 | 1.68% |
| 2020 | 1.48% |
| 2021 | 1.28% |
| 2022 | 1.62% |
| 2023 | 1.42% |
| 2024 | 1.28% |
| 2025 | 1.32% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.1B | -- |
| 2017 | $0.2B | +100.0% |
| 2018 | $0.2B | +0.0% |
| 2019 | $0.3B | +50.0% |
| 2020 | $0.2B | -33.3% |
| 2021 | $0.3B | +50.0% |
| 2022 | $0.2B | -33.3% |
| 2023 | $0.4B | +100.0% |
| 2024 | $0.5B | +25.0% |
| 2025 | $0.6B | +20.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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