GREK: Greece ETF Surges Thanks to Debt Relief – Nasdaq

Greek markets and country-specific exchange traded funds
(ETFs) surged Monday after Athens assuaged investors’ fears by
laying the groundwork for an agreement on bailout loans and debt
relief.

The
Global X MSCI Greece ETF

(NYSEArca:
GREK

)

gained 4.1% Monday on two times its average daily volume. GREK
has increased 40.9% over the past three months and was up 9.1%
year-to-date.

The Athens’ benchmark ATG equity index rose 1.2% after Greek
lawmakers approved tax hikes and a new privatization fund on
Sunday and freed up the sale of non-performing loans in exchange
for bailout loans and debt relief, reports Sudip Kar-Gupta for
Reuters.

Rel…