Global X MSCI Nigeria ETF (NGE) - NYSEARCA
  • Sep. 18, 2015, 10:41 AM
    • The iShares MSCI Saudi Arabia Capped ETF (KSA) is the first ETF with significant exposure to that country - an impossibility until June when Saudi Arabia opened up (limited) direct foreign investment in its stock market.
    • The ETF will track the MSCI Saudi Arabia IMI 25/50 Index which holds about 50 large-, mid-, and small-cap stocks. Interestingly, the index has 30% allocated to both financials and materials, but just 1.4% to energy stocks - it makes sense considering the country's oil production is state-owned and not publicly traded.
    • The next step for Saudi Arabia could be inclusion in the MSCI Emerging Markets Index - a possibility as soon as June 2017, according to the WSJ.
    • Source: Bloomberg
    • MENA ETFs: AFK, EZA, EGPT, EIS, GULF, NGE, GAF, MES, ISRA, ISL, UAE, QAT
    | Sep. 18, 2015, 10:41 AM | 2 Comments
  • Jun. 23, 2015, 6:51 AM
    • The Nigerian Stock Exchange has indicated that a decision over going public will soon be finalized, which would allow it to accept investments from outside parties and embark on a possible listing.
    • The exchange is looking to build out its equities, fixed income and exchange-trade funds business and begin trading futures and options. It also plans on building a clearing house.
    • ETFs: NGE
    | Jun. 23, 2015, 6:51 AM
  • Apr. 3, 2013, 1:57 PM
    Today marks Global X's launch of the first ever single country ETF covering Nigeria (NGE). Existing Frontier market funds like FM and FRN currently allocate just a small portion of their holdings to Nigeria. NGE comes with an expense ratio of 0.68% vs. PMNA's 0.95%, EGPT's 0.94%, FM's 0.79% and FRN's 0.65%.
    | Apr. 3, 2013, 1:57 PM
NGE Description
The Global X MSCI Nigeria ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Nigeria Select 25/50 Index.
See more details on sponsor's website
Country: Nigeria
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub