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With stocks frozen in Athens, a Greek ETF plunges in US

The ETF is made up of the Athens Stock Exchange’s 20 biggest companies and is being used as a proxy for how the companies would fare if the Greek exchange was open

With stocks frozen in Athens, a Greek ETF plunges in US

Greece’s stock market is closed this week ahead of Sunday’s referendum on the latest bailout package proposal. But investors are finding other ways to express their concern about the country’s plight.

In the US, a small exchange-traded fund that tracks Greek stocks, the Global X FTSE Greece 20 ETF, just opened down 16%.

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