Greek ETF Slides 17% In Premarket Trade

An exchange-traded fund tied to Greece was hammered in premarket trade on Monday. The Nasdaq-listed Global X FTSE Greece 20 ETF , which seeks to replicate the performance of the FTSE/Athex 20 Index, dropped 17%. Greek Prime Minister Alexis Tsipras called for a referendum on the nation's international bailout that potentially sets the stage for the country to exit the eurozone.