Coming soon to a brokerage near you

How it took this long for somebody to make this is beyond me, but nevertheless, this Thursday marks the grand debut of the Global X FTSE Greece 20 ETF (Ticker name: GREK), the first-ever all-Greek ETF.

Tracking the FTSE/ATHEX 20 Capped Index, which in turn tracks the 20 largest companies in Athens’ exchange, GREK will finally give those looking for exposure to Greece something a little more concentrated than what your typical Euro ETF can provide.

Good luck shorting it though.

As you can imagine, Greek equities have taken quite the hammering already; the MSCI Greek Index is barely a tenth of what it was 4 years ago, and the ATHEX 20 has dropped over 500 points YTD (down a whopping 2000 since 2006), so this, coupled with somewhat thin trading from both sides of the market, doesn’t really spell much of an upside for that bet. Another worry is that it might not have enough liquidity for the shorts to play with, but the makers seem pretty confident that a lot of investors will be piling in from the long side to make the whole thing work, especially those looking into value plays or those hoping for a rebound.

What do you think monkeys? Any chance of this becoming a success?

Or will this get shorted into oblivion?

What’s to be bullish about Greece anyway?

Personally I’m staying away from this, don't know about you guys but going Greek isn’t my style and this just sounds like a one-way ticket to the wrong end of the stick. You?

 

Consequatur iste ratione numquam voluptatem accusamus. Quo sit temporibus molestiae fugit. Autem inventore aut repellat corporis architecto sit. Aut adipisci odit illum qui. Aut et numquam et exercitationem quasi magni. Incidunt sed perspiciatis ipsam perspiciatis.

Competition is a sin. -John D. Rockefeller

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”