#6: Global X FTSE Greece 20 ETF
Q3 Return: +25%
YTD Return: +7%
Investor: Mebane Faber
Well, Mebane Faber’s pick of the Global X FTSE Greece 20 ETF (GREK) continued its roller-coaster ride for 2013.
In mid-May, Faber was looking like a genius when the beaten-down fund reversed course from an ugly start to the year. But after hitting a 52-week high on May 17, GREK shifted into reverse, eating away all those gains and more.
Now, the upward climb has resumed. GREK was the second-best performer of the third quarter with a 25% run during the past three months, bringing GREK back into the black for 2013.
And, as Faber’s competition Charles Sizemore recently pointed out, conditions in Greece are indeed improving and the capital markets have more or less stopped reacting to news of protests and increased bailout funds in the recovering country.
Still, the sole ETF on our list will need to kick things into gear to get into a top spot — much less the top half — before 2013 comes to a close.