NGE
Global X MSCI Nigeria ETFNGE Fund Description
NGE 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
Global X MSCI Nigeria ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.12 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 42nd percentile within its peer group and in the 85th 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 Charts And Performance
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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 1 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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