Greece’s appeal rises again for investors

Article Excerpt

If you’re like a lot of Canadians, your foreign investment is often spurred by a vacation abroad. Greece’s sundrenched islands and archeological wonders are undoubtedly attractive, but many investors wonder about the future prospects for its stock market. The Greek economy is emerging from a deep crisis, exacerbated by austerity measures forced upon the country by its lenders. Federal elections brought in a market-friendly government and recent government bond issues were well received. However, high government debt, large amounts of non-performing loans at the major banks, and high unemployment remain challenges. Meanwhile the Greek equity market is now a global leader. Are you interested? Here is one ETF that provides you exposure to the top public companies in Greece. GLOBAL X MSCI GREECE ETF $9.62 (New York symbol GREK; TSI Network ETF Rating: Aggressive; Market cap: $338.8 million) is a buy for aggressive investors who want exposure to the country’s publicly listed companies. Financial companies account for 30.1% of the fund’s assets. Industrials (17.6%), Consumer Cyclicals…