Thu, Apr. 23, 12:27 PM
- The Global X MSCI Pakistan ETF (Pending:PAK) tracks the MSCI All Pakistan Select 25/50 Index, making it the first ETF to focus on Pakistan's economy.
- "The broad Pakistan equity universe includes securities that are classified in Pakistan according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Pakistan and carry out the majority of their operations in Pakistan," as stated in PAK's prospectus.
- Broad frontier market ETFs: FM, FRN, EMFM
Jan. 15, 2014, 12:35 PM
- You could have made the same bear case against emerging markets 10 years ago and you would have missed a decade of outperformance, says Everest Capital chief Marko Dimitrijevic, rebutting Goldman's recommendation to cut holdings in the sector. "If you reduce or ignore emerging markets, you're going to miss on literally hundreds of companies that are great."
- Overall, Dimitrijevic overall return estimates are just slightly higher than Goldman's, but the real alpha is to be made in specific sectors - education in Brazil, infrastructure in Mexico, retail, cement, oil and gas in Colombia, and consumer plays in Saudi Arabia.
- Everest is most bullish on frontier markets, or, as Dimitrijevic calls them, "EM 2.0." "It's a secular opportunity that reminds us very much of what now-mainstream emerging markets were like 15 or 20 years ago."
- Everest had a big year in 2013, gaining 41.2%. Its dedicated Frontier fund rose 28.8%.
- Emerging market ETFs: EEM, VWO, DEM, EDC, DGS, EDZ, EEMV, EEB, SCHE, EDIV, IEMG, DVYE, BIK, EWX, EEV, BKF, PIE, CEW, ADRE, HILO, EUM, FNI, EET, GMM, PXH, EEMS, BBRC, EELV, FEMS, EEME, EMDD, BICK, EMCR, DBEM, FEM, EWEM, JEM, EVAL, EMLB, EMBB, EEHB, EGRW, TLTE, FNDE, EMSA, EMHD, EMDR, EMFT
- Frontier/MENA ETFs: FM, FRN, EMFM, AFK, GULF, GAF, MES, PMNA
Jan. 15, 2014, 4:16 AM
- The World Bank expects global economic expansion to accelerate to 3.2% in 2014 from 2.4% in 2013, led by advanced economies that seem "to be finally turning the corner" following the financial crisis.
- In its Global Economic Prospects report, the bank also forecasts growth of 3.4% in 2015 and 3.5% in 2016.
- The bank predicts that the U.S. will expand 2.8% this year, up from 1.8% last year.
- While the Fed's scaling back of its bond-buying program is one headwind for global prospects, stronger growth in high-income countries should offset the impact of the taper, the bank says. (PR)
- ETFs: EEM, VWO, EFA, EDC, VEA, VT, FM, EDZ, EEB, SCHE, IEMG, FRN, BIK, ACWI, EEV, BKF, PIE, IOO, CEW, ADRE, IEFA, EUM, FNI, DZK, EET, PIZ, DPK, GWX, GMM, BBRC, EFZ, URTH, ONEF, EFU, DGT, DBEF, EEME, FIGY, EMDD, MFLA, EMCR, BICK, DBEM, PXF, EFO, ADRD, FEM, EWEM, RWV, JEM, EMBB, EMLB, FNDF, TOK, EMFM, IFSM, EMSA, IDHQ, FWDI, EMDR, EMFT, FDT
Nov. 14, 2013, 3:33 PM
- It's the MINT countries whose prospects most excite Jim O'Neill. The coiner of the BRIC acronym (he didn't invent MINT) likes the favorable demographics and economic prospects of Mexico, Indonesia, Nigeria, and Turkey over the next two decades.
- He notes the optimism in places like Indonesia, where policymakers (and shoppers) are talking about economic growth of 7%, contrasted to Russia, whose economy minister suggested 2.5% growth over the next 20 years.
- Mexico ETFs: EWW, UMX, SMK
- Indonesia ETFs: IDX, EIDO, IDXJ
- Frontier markets ETFs: FM, FRN, EMFM
- Turkey ETF: TUR
Aug. 28, 2013, 10:52 AM
- Guggenheim's BRIC ETF (EEB) - never a true BRIC fund because of a small allocation to Russia - will address that issue by changing its underlying index to the BNY Mellon BRIC Select DR Index from the BNY Mellon BRIC Select ADR index. As the new index name suggests, it will track global depositary receipts instead of just ADRs. The change will also allow the fund to own Hong Kong-listed China H-Shares for the first time.
- The Emerging Global Beyond BRICs ETF (BBRC) will change to a FTSE index which will allow frontier-market holdings for the first time. The year-old fund has had a tough time competing against established emerging market funds EEM and VWO, but the change should allow for a much different approach than those two giants.
- Other BRIC ETFs: FNI, BKF, BIK, EMDD, BICK.
- Frontier Market ETFs: FRN, PMNA, FM.
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%. | Comment!
Apr. 11, 2012, 12:53 PM
Apr. 19, 2011, 4:37 PM
Apr. 19, 2011, 9:59 AM
Apr. 19, 2011, 8:58 AMThe protests and security force crackdowns continue in Syria, where 20K in Hams were fired at during an overnight sit-in. A government statement saying the demonstrations are the work of Salafist organizations, i.e. al-Qaeda, seemingly gives the green light for an even bloodier crackdown. | 1 Comment
Apr. 14, 2011, 11:05 AM
Apr. 13, 2011, 11:45 AM
Apr. 11, 2011, 2:12 PMA move by the Gulf Cooperation Council to mediate President Saleh's gradual departure from power is called unconstitutional by the country's opposition groups who want his immediate resignation. After similarly rejecting GCC help last week, Saleh now claims to welcome the group's participation. | Comment!
Apr. 11, 2011, 11:26 AM
Apr. 10, 2011, 5:10 PM
Apr. 8, 2011, 2:18 PM
FRN vs. ETF Alternatives
The Guggenheim/BNY Mellon Frontier Markets ETF (NYSE:FRN), the "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called The Bank of New York Mellon New Frontier DR Index (the “Frontier Index” or the “Index”). The Fund will normally invest at least 80% of its total assets in American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that comprise the Index. The Fund also will normally invest at least 80% of its total assets in securities of issuers from Frontier Market countries (whether directly or through ADRs or GDRs), as defined by The Bank of New York Mellon, the Fund's index provider (“BNY Mellon” or the “Index Provider”) from time to time in the manner set forth below. Guggenheim Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before fees and expenses, the performance of the Frontier Index. The Index tracks the performance of depositary receipts, in ADR or GDR form, that trade on the London Stock Exchange (“LSE”), New York Stock Exchange (“NYSE”), American Stock Exchange (“AMEX”) and Nasdaq Stock Market (“NASDAQ”) of companies from countries that are defined as the “Frontier Market.” The Index Provider defines Frontier Market countries based upon an evaluation of gross domestic product growth, per capita income growth, experienced and expected inflation rates, privatization of infrastructure and social inequalities.
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