Now this is happening: A Greek stock ETF

The first US ETF to track only Greek stocks is set to trade on NYSE Euronext’s electronic Arca exchange starting Thursday

The first US exchange-traded fund to track only Greek stocks is slated to launch this week, offering investors another tool to deploy investment strategies amid Europe’s ongoing sovereign-debt crisis.

The Global X FTSE Greece 20 ETF is set to trade on NYSE Euronext's electronic Arca exchange, listed under the ticker "GREK," starting Thursday, Global X Funds chief executive Bruno del Ama said in an interview.

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