NGE
Global X MSCI Nigeria ETFNGE Fund Description
The Global X MSCI Nigeria ETF tracks a cap-weighted index of about 20 companies that are headquartered or listed in Nigeria and carry out the majority of their operations in Nigeria.
NGE Factset Analytics Insight
NGE is the first and only ETF to target Africa's largest economy. The fund holds about 20 companies, including firms that aren't necessarily headquartered in Nigeria but are listed there and have the majority of operations there. Like many frontier economies, and in line with our benchmark, NGE is extremely concentrated and heavy in financials. Unlike most frontier markets, consumer non-cyclical companies also dominate the Nigerian market. These exposures reflect the fund's change to an MSCI index in August 2014. Returns prior to that date are from a different index. NGE isn’t cheap, nor should one expect it to be as an emerging market ETF. All-in costs are high due to poor tracking and weak liquidity, but that’s par for the course in the FM space. All told, NGE does its job about as well as can be expected.
NGE MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 24, 2018 the Global X MSCI Nigeria ETF MSCI ESG Fund Quality Score is 6.35 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. NGE ranks in the 98th percentile within its peer group and in the 79th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
NGE CHARTS AND PERFORMANCE
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NGE Top 10 Countries
NGE Top 10 Sectors
NGE Top 10 Holdings [View All]
NGE Summary Data
NGE Portfolio Data
NGE Portfolio Management
NGE Tax Exposures
NGE Fund Structure
NGE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NGE. NGE is rated a 0 out of 5.
NGE Tradability
NGE Sector/Industry Breakdown
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NGE TOP 10 HOLDINGS[View All]
NGE Countries
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NGE Regions
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NGE Economic Development
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NGE Performance Statistics
NGE MSCI ESG Ratings
NGE BENCHMARK COMPARISON SUMMARY
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NGE BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.