#3: Global X FTSE Greece 20 ETF
YTD Return: +27%
Investor: Mebane Faber
Mebane Faber had a pretty simple reason for his choice in the Best Stocks for 2013 contest: The Global X FTSE Greece 20 ETF (GREK), which tracks Greek stocks, was dirt-cheap.
As Faber put it last December: “While the ETF is up a whopping 80% since bottoming out at $8.78, the MSCI Greece index is still down more than 80% from the peak.”
Yeah, yeah … the sole ETF on our Best Stocks for 2013 list isn’t technically a stock. But the fund has definitely held some of the best stocks of 2013 as the market continues to recover from its debt crisis.
Of course, the 27% gains of this Best Stocks for 2013 entry is right in line with the broader market’s, so its hardly out-of-this-world. But for now, it’s at least good enough for the bronze medal in our contest.