NGE - Global X MSCI Nigeria ETF
|Ex-Dividend Date||Dec 30, 2020|
|Trading Day||April 21|
|Day's Range||11.59 - 11.85|
|52-Week Range||7.94 - 13.71|
The investment 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. The fund will invest at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Nigeria equity universe, while including a minimum number of constituents. The fund is non-diversified.
|Asset Class |
|Inception Date |
Apr 3, 2013
|Ticker Symbol |
|Index Tracked |
MSCI All Nigeria Select 25/50 Index
Top 10 Holdings78.84% of assets
|Dangote Cement PLC||DANGCEM.NL||14.47%|
|Guaranty Trust Bank PLC||GUARANTY.NL||11.33%|
|Nestle Nigeria PLC||NESTLE.NL||9.84%|
|Zenith Bank PLC||ZENITHBANK.NL||7.92%|
|MTN Nigeria Communications PLC Ordinary Shares||MTNN.NL||5.20%|
|First Bank Of Nigeria PLC||FBNH.NL||4.96%|
|Stanbic IBTC Holdings PLC||STANBIC.NL||4.49%|
|Flour Mills Nigeria PLC||FLOURMILL.NL||4.26%|
|Dangote Sugar Refinery PLC||DANGSUGAR.NL||3.67%|
|Dec 30, 2020||$0.768||Jan 8, 2021|
|Dec 30, 2019||$0.084||Jan 8, 2020|
|Jun 27, 2019||$0.76||Jul 8, 2019|
|Dec 28, 2018||$0.898||Jan 8, 2019|
|Dec 28, 2017||$0.417||Jan 9, 2018|
|Dec 28, 2016||$0.419||Jan 6, 2017|
High-level officials in Nigeria are forecasting a comeback for the country's economy in 2021. This is a positive sign for ETF investors looking for value plays in emerging markets with funds like the Gl...
A Nigeria country-specific exchange traded fund jumped Friday, with Nigerian markets hitting a 16-month high, as local companies revealed stronger-than-expected corporate earnings that weathered the sto...
A Nigeria country-specific exchange traded fund led the charge on Tuesday as local investors jumped into riskier assets in response to depressed yields on government debt following the surprise Septembe...
Why Global X's Nigerian equity fund is trading at a 15% discount to NAV.
The Nigeria related ETF climbed Thursday after local investors were barred from a treasury auction and turned to shares instead, fueling a rally in banking stocks.
For those not keeping track, Nigerian stocks are getting punished this year. The Global X MSCI Nigeria ETF (NYSE: NGE), the lone exchange traded fund dedicated to stocks in Africa's second-largest econo...