NGEGlobal X MSCI Nigeria ETF
NGE Fund Description
NGE tracks a market-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 ETF to target Africa’s largest economy. Eligible companies include those that are classified in Nigeria in accordance to MSCI Global Investable Market Index Methodology. In addition, companies that are listed, headquartered, and carry out most of their operations in Nigeria are also eligible for index inclusion. The fund is a concentrated portfolio that intends to hold at least 20 constituents which are market-cap-weighted. To meet diversification requirements, holdings are capped at 25% weight and the aggregate weight of securities with over 5% allocation is capped at 50% weight of the portfolio. Index rebalancing occurs quarterly. Prior to August 14, 2014, the fund tracked the Solactive Nigeria Index.
NGE MSCI ESG Analytics Insight
Global X MSCI Nigeria ETF has an MSCI ESG Fund Rating of BB based on a score of 3.81 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Global X MSCI Nigeria ETF ranks in the 11st percentile within its peer group and in the 4th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
NGE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
NGE Portfolio Data
NGE Index 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 1 out of 5.
NGE Sector/Industry Breakdown
NGE Top 10 Holdings[View All]
NGE Economic Development
NGE Performance Statistics
NGE MSCI ESG Ratings
NGE Benchmark Comparison Summary
NGE Benchmark Comparison Market Cap Size