Global X FTSE Portugal 20 ETF
Most Recent
Greece’s Unemployment Falls, but Still the Highest Among Peers
Europe’s average unemployment has fallen to a four-year low of 9.8% as of 2016. Greece’s seasonally adjusted unemployment rate was 23.5% in January 2017.
A ‘Grexit’ could leave the Eurozone holding the bag
European Union instability is just one of several negative implications the Eurozone will have to face it Greek exits the monetary union.
Investor fears in Greece send yields up, market index down
Two bailouts got Greece up and running. After trending downward until early 2012, the Athens Stock Exchange Composite Index began to show signs of life.
Greece needs to pick up economic momentum
The subdued economic momentum in Greece has had a direct—and negative—impact on its ability to honor its foreign obligations, specifically its bailout loan.
Must-know: Investing in Portugal
The Global X FTSE Portugal 20 ETF (PGAL) retreated 3.99% on the news of the bailout. The fund tracks the FTSE Portugal 20 Index and holds a small basket of 20 stocks. So far, PGAL has gathered $35.2 million in assets. The product is heavily concentrated in its top ten holdings that form about three-fourth of the total fund assets.
Financials Must-know: The birth of Novo Banco SA
On July 10, BES—one of the biggest banks in Portugal—stalled its shares and bonds trading because of ESI’s alleged defaulted on a debt payment. As a result, BES saw its shares plunge 17.2% on July 10 while ESI and Portugal’s benchmark stock index, PSI-20, dropped 8.92% and 4.2%, respectively.
Financials Must-know: Investing in the PIIGS nations
The PIIGS nations are Eurozone’s most troubled economies. Considering historical and recent economic developments in these nations, most of them have been in serious financial trouble in regards to sovereign debt. The trouble with the PIIGS nations and the Eurozone economies lies in their monetary union.
