Expat Greece ASE
UCITS ETF
A passive exchange-traded fund tracking the ASE Index on the Athens Stock Exchange through direct physical replication. Access Greece’s dynamic economy with eurozone stability.
| Market | Ticker | Bloomberg Ticker | Reuters Ticker | ISIN |
| XETRA | GRX | GRX GY | GRXG.DE | BGGRASE06174 |
| BSE | GRX | GRX BU | BGGRASE06174 |
ASE Index
ASE is the main equity index of the Athens Stock Exchange, tracking the performance of the 60 largest and most liquid Greek companies and providing broad exposure to Greece’s key economic sectors.
The index comprises leading companies across all 11 sectors, with financials representing the largest allocation, followed by materials, consumer staples, industrials, consumer discretionary and utilities.
With a market capitalization of approximately €150 billion and an average daily trading volume of around €260 million, ASE offers sufficient liquidity for both institutional and retail investors.
Key Stats
Sector Allocation
- Financials
- Materials
- Consumer Staples
- Industrials
- Consumer Discretionary
- Other
Top Holdings
Loading…
Greece Economic Outlook
Greece’s economy is projected to expand steadily at 2% annually in 2026-2027, supported by resilient domestic demand and a strengthening investment cycle. In 2025, GDP grew 2% year-on-year, driven primarily by private consumption and tourism, with investment accelerating in construction and equipment. Robust corporate lending and continued implementation of the EU Recovery and Resilience Plan are expected to sustain momentum through 2026. Inflation is forecast to moderate from 2.9% in 2025 to 2.2% thereafter, supporting real income growth.
Fiscal fundamentals are improving markedly, with the budget deficit projected to narrow from 0.6% of GDP in 2025 to 0% by 2027, while unemployment declines from 8.9% to 7.9%.
Greece maintains an investment-grade credit rating (BBB), making it an attractive option for investors seeking medium to long-term growth within the EU. Although growth may moderate after 2026 as EU funds taper, the macro backdrop remains supportive for blue chip Greek equities.
GDP Growth 2025
+2.1%
Inflation 2025
2.9%
Unemployment
7.7%
Debt / GDP
146.1%
EU Integration Milestones
EU Member
Since January 1981 – Full access to EU single market
Eurozone Member
Since January 2001 – EUR as official currency
Schengen Area
Since January 2000 – Border-free travel zone
Credit Rating
BBB (Investment Grade) – Strong fiscal position
Expat Greece
ASE UCITS ETF
Expat Greece ASE UCITS ETF offers investors efficient exposure to Greece’s equity market by tracking the ASE Index of the Athens Stock Exchange through direct physical replication. The fund provides diversified access to Greece’s leading listed companies within a fully UCITS-regulated structure.
The ETF invests in the shares of companies included in the ASE Index – the main equity index of the Athens Stock Exchange, consisting of 60 companies. The fund invests in all ASE constituents in proportions closely matching those of the index, within applicable legal and regulatory limitations.
Listed on the Frankfurt Stock Exchange (XETRA) and the Bulgarian Stock Exchange, the ETF provides broad accessibility to investors across Europe.
The ETF is an open-ended, passively managed collective investment scheme. The fund does not distribute dividends – all profits are reinvested, increasing the net asset value for the benefit of investors.
Risk Information
The fund is exposed to market and currency risk – the possibility of losses due to adverse changes in the value of the reference index. Other key risk factors include:
- The NAV of the shares and their returns may fall, the returns are not guaranteed. Investors take the risk that they may get back less than they originally invested.
- Unusual circumstances such as trading obstruction on the stock exchange, surcharges, extremely volatile markets and others can lead to significant differences between the performance of the Fund and the performance of the Index.
- Liquidity risk – under certain conditions it may become difficult to sell portfolio holdings.
- Other risks: credit risk, interest risk, tax risk, regulatory risk, political risk, operational risk, price risk, currency risk, concentration risk, systemic risk, risk of the passive fund management, risk of corporate events, tracking error risk, events that affect the Reference Index, etc.
More information about risks can be found in the Prospectus. Past performance does not guarantee future results.
Returns
Historical Annual Returns
Past performance does not guarantee future results.
Return Summary
YTD
+7.32%
2025
+44.19%
5-Year CAGR (2021–2025)
+16.92%
Since Inception (Annualized)
+8.03%
Documents
Main Documents
Ready to Invest in Greece? 🇬🇷
Access the Expat Greece ASE UCITS ETF
through your preferred brokerage platform or contact us for detailed fund information.
Invest Now
Explore more CEE ETFs
This web page is part of www.expat.bg