Global X MSCI Nigeria ETFNYSEARCA
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
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
Apr. 3, 2013, 1:57 PMToday 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