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Greece ETF Up 5% On Reports Of Renewed Talks With Bond Holders
By Devon Layne | January 19, 2012

Related ETFs: EWU / VGK / GREK

The Vanguard MSCI Europe ETF (NYSEArca: VGK) moved higher as negotiations aimed at meaningfully addressing Greece’s sovereign debt issues, according to an article in Barron’s.

There’s a high probability that a deal will be reached between Greece and its private creditors, according to Barron’s, which quoted Bruce Richards, chief executive officer of Marathon Asset Management.

VGK rose 1.1 percent yesterday while the iShares MSCI United Kingdom Index Fund (NYSEArca: EWU) was up more than 1 percent. Even the relatively new and tiny Global X FTSE Greece 20 ETF (NYSEArca: GREK) was up 5.4 percent at one point, according to the article.

Visit Barrons.com for the full story.

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