How to play Greece?

Discussion in 'Trading' started by drukes1234, Aug 30, 2011.

  1. I know there is no Greece ETF, what is the best proxy?
  2. Deas418


    Lyxor ETF MSCI Greece (Frankfurt exchange)

    Top Holdings in the Fund

    National Bank of Greece 27.33% ( NYSE: NBG)
    Coca-Cola Hellenic Bottling 19.97% (NYSE: CCH)
    OPAP 15.59%
    Alpha Bank 9.39%
    Hellenic Telecom 8.62%
    Bank of Cyprus 7.81%
    Public Power Corp. 6.01%
    EFG Eurobank Ergasias SA 5.29%

    So you can get a pretty good exposure (about 47.3 %) with top two companies on NYSE.
  3. Oh thanks. I guess I can just buy that ETF though?
  4. I'll just buy NBG as a non-expiring call option -- assuming it has a very good chance of going to zero.