Nigeria Exchange Lists its First ETF
Nigeria’s stock exchange listed its first ETF in December, offering a gold backed fund. The NewGold ETF was created by Absa Bank Limited of South Africa. New ETFs for the Nigerian market may be offered as soon as January. For original article, click here.
Nigeria and Financials are the Focus of Africa’s Newest ETF
South Africa has been considered the prominent way to invest in the African market; however, a new country has taken the top spot in the latest ETF. TheStreet.com has broken down the components of Market Vectors Africa Index ETF (AFK) and explains that Nigeria and Financials are weighted the heaviest for country and sector, respectively. [...]
Van Eck Develops ETF to Track New Dow Jones pan-African Index
The Dow Jones Africa Titans 50 Index has just debuted, and Van Eck Global will issue the first ETF to follow the pan-African index. The Market Watch article explains that the new index is made up of 50 companies either headquartered in Africa or that produce more than half of their revenues within the continent. [...]
New Frontier Market ETF from Claymore Has Expanded to 17 Countries
On June 12, 2008, Claymore Securities and The Bank of New York Mellon pioneered the only U.S.-listed frontier market ETF, known as Claymore/BNY Mellon Frontier Markets ETF (FRN). Two weeks after the launch of FRN, Claymore has announced a change to the underlying index meant to rebalance the markets. As a result of the change, [...]
Claymore is First to Capture Frontier Markets with New U.S.-listed ETF
Claymore Securities has teamed up with The Bank of New York Mellon to debut the first U.S.-listed ETF to track frontier markets. Business Wire defines a “frontier market†as a market of a country that is less developed than a traditional emerging market. The new fund, known as Claymore/BNY Mellon Frontier Markets ETF (FRN) is [...]
