Home » ETF » NGE

NGE - Global X MSCI Nigeria ETF

Stock Price: $11.85 USD 0.26 (2.21%)
Updated Apr 21, 2021 4:00 PM EDT - Market closed
After-hours: $11.85 +0.00 (0.00%) Apr 21, 8:00 PM
Assets $40.64M
NAV $13.72
Expense Ratio 0.89%
PE Ratio 6.47
Beta (5Y) 0.58
Dividend (ttm) $0.77
Dividend Yield 5.60%
Ex-Dividend Date Dec 30, 2020
1-Year Return -
Trading Day April 21
Last Price $11.85
Previous Close $11.59
Change ($) 0.26
Change (%) 2.21%
Day's Open 11.60
Day's Range 11.59 - 11.85
Day's Volume 17,251
52-Week Range 7.94 - 13.71

Fund Description

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
Equity
Sector
International
Region
Africa
Inception Date
Apr 3, 2013
Exchange
NYSEARCA
Ticker Symbol
NGE
Index Tracked
MSCI All Nigeria Select 25/50 Index

Top 10 Holdings

78.84% of assets
NameSymbolWeight
Dangote Cement PLCDANGCEM.NL14.47%
Nigerian NairaFCR.UN.TO12.71%
Guaranty Trust Bank PLCGUARANTY.NL11.33%
Nestle Nigeria PLCNESTLE.NL9.84%
Zenith Bank PLCZENITHBANK.NL7.92%
MTN Nigeria Communications PLC Ordinary SharesMTNN.NL5.20%
First Bank Of Nigeria PLCFBNH.NL4.96%
Stanbic IBTC Holdings PLCSTANBIC.NL4.49%
Flour Mills Nigeria PLCFLOURMILL.NL4.26%
Dangote Sugar Refinery PLCDANGSUGAR.NL3.67%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Dec 30, 2020$0.768Jan 8, 2021
Dec 30, 2019$0.084Jan 8, 2020
Jun 27, 2019$0.76Jul 8, 2019
Dec 28, 2018$0.898Jan 8, 2019
Dec 28, 2017$0.417Jan 9, 2018
Dec 28, 2016$0.419Jan 6, 2017
Full Dividend History

News

Hide News
  • All
  • Videos
  • Conversation

Emerging market stocks continued their year-end rally to start 2021 buoyed by a wider rollout of COVID-19 vaccines as well as Joe Biden's victory in the U.S. presidential election.

Other tickers mentioned: CEZ, MFEM, OBOR, UAE
3 months ago - Zacks Investment Research

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...

4 months ago - ETF Trends

Nearby support and resistance levels on charts of frontier markets such as Vietnam and Nigeria suggest the potential for a move higher.

Other tickers mentioned: FM, VNM
4 months ago - Investopedia

Failed stimulus talks, subdued tech earnings and rising coronavirus cases on the global front led to the Wall Street woes in October. However, some areas gained too.

Other tickers mentioned: CHIQ, CQQQ, EPOL, FEZ, ITB, KRE, NIB ...
5 months ago - Zacks Investment Research

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...

5 months ago - ETF Trends

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...

6 months ago - ETF Trends

Why Global X's Nigerian equity fund is trading at a 15% discount to NAV.

8 months ago - ETFcom

Over the past few weeks, as U.S. equities have recovered the majority of their coronavirus crash losses, emerging market stocks have only become cheaper.

Other tickers mentioned: EGPT
10 months ago - GuruFocus

These ETFs topped the list last week with hefty returns despite geopolitical tensions.

Other tickers mentioned: BDRY, CLOU, PALL, SGG, TUR
1 year ago - Zacks Investment Research

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.

1 year ago - ETF Trends

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...

1 year ago - Benzinga