Rallying Greek ETF Has Erased 80% of Loss Since Stock Halt
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The exchange-traded fund that lost $68 million of its value in a single day following Greece’s market shutdown is close to gaining it all back.
The Global X FTSE Greece 20 ETF, listed in the U.S. and tracking shares that normally trade in Athens, climbed for six of eight days and has pulled within 4.5 percent of its price before the drama began. It plunged 19 percent on June 29, the first day of an exchange closure in Greece that will last at least through Monday.