Global X MSCI Nigeria ETF (NGE)
Global X MSCI Nigeria ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $3.74, up 0.00% on the session, giving a market capitalisation of $11.1M. Its beta of -0.08 implies it has historically moved less than the broad market.
This fund commits a significant portion—at least 80%—of its total assets to tracking its benchmark index. This investment strategy involves holding the direct securities that comprise the index, as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) tied to those same index constituents. The underlying index aims to reflect the broad performance of the Nigerian stock market, though it is constructed with a specific, minimum number of companies. Notably, this fund is categorized as non-diversified.
Global X MSCI Nigeria ETF is most often compared with the following Financial Services names: