InvestorPlace’s 10 Best Stocks of 2013: Mid-Year Standings

It's a tight race, including two ties in the top five

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InvestorPlace’s 10 Best Stocks of 2013: Mid-Year Standings

#9: Global X FTSE Greece 20 ETF

GREK185 InvestorPlaces 10 Best Stocks of 2013: Mid Year StandingsQ2 Return: +4%
YTD Return:
-14%
Investor:
 
Mebane Faber

Mebane Faber’s pick of the Global X FTSE Greece 20 ETF (GREK) wins the “Roller Coaster Award” so far in 2013.

Faber was looking like a genius about a month ago when the beaten-down fund reversed course, gained back all its losses and continued to surge. By mid-May, GREK’s year-to-date return was a market-beating 18%.

However, after hitting a 52-week high on May 17, GREK shifted into reverse, eating away all those gains and more. A few likely factors in the selloff: continued political instability and index-provider MSCI Inc.’s (MSCI) downgrade of Greece to emerging-market status.

Now, the ETF’s losses come to 14% — a tad better than the bleeding at the end of Q1, but hardly anything to cheer about. Then again, that’s how deep in the red ninth-place contest pick Banco Santander (SAN) was sitting a year ago, and it rallied back to snag the bronze.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/the-10-best-stocks-of-2013-through-q2/.

©2014 InvestorPlace Media, LLC

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