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Exchange-traded fund (ETF) investors looking to add an element of diversification with emerging markets (EM) may want to give Greece a closer look.

Emerging markets have been feeling the pain of a rising dollar, but that hasn't been impacting the Global X MSCI Greece ETF (GREK).

With the global vaccination effort continuing, travel and tourism are starting to return, which should give some emerging economies like Greece life.

Will Reopened Beaches in Greece Lure Tourists, Investors? This past weekend, Greece eased its Covid-19 restrictions with the anticipation of more tourists heading to the country’s shores. It’s a positive sign for a country where tourism accounts for about 20% of the economy. As expected, the pandemic last year hurt tourism, so Greece is banking on its beaches to bring back the crowds. Greek Prime Minister Kyriakos Mitsotakis noted that a combination of widespread testing, immunization, and outdoor activities would help bring tourists back. “We’re pinning our hopes on tourism,” said ...

December 28, 2020 The broad economy may not necessarily reflect what the market is doing, as in the case of Greece and the Global X MSCI Greece ETF (GREK). The ETF is up almost 30% when looking at its 3-month trailing returns, but can it maintain this positive momentum heading into 2021? The pandemic is doing a number on Greece’s economy as lockdown measures force businesses to shutter its doors. The Greek economy has had its share of challenges the past decade. “Just starting a faster recovery from a near decade-long fiscal and austerity crisis, Greece’s economy – battered by two ...