Invesco Frontier Markets ETF (FRN)
Invesco Frontier Markets ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $14.28, up 0.78% on the session, giving a market capitalisation of $59.0M. Its beta of 0.75 implies it has historically moved less than the broad market.
The primary objective of this investment vehicle is to mirror the financial performance (prior to accounting for fees and expenses) of the S&P/BNY Mellon New Frontier Index (USD), also known as its "underlying index." Typically, the fund allocates a minimum of 90% of its total capital to the exact securities constituting this benchmark. The underlying index itself is composed of highly liquid American Depositary Receipts (ADRs) listed on U.S. exchanges, Global Depositary Receipts (GDRs) traded via the London Stock Exchange, and common equities from companies located in Frontier Market countries that satisfy specific conditions regarding trading volume and free-float market capitalization. Importantly, this fund is categorized as non-diversified.
Invesco Frontier Markets ETF is most often compared with the following Financial Services names: