|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.66 - 31.84|
|52 Week Range||24.55 - 31.98|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.79%|
Copper prices have regained momentum in October after showing weakness in the last month. So far, copper has risen 4.9% in October.
With emerging markets stocks and ETFs surging this year, frontier markets may be getting lost in shuffle, but that does not mean they are disappointing. Just look at the iShares MSCI Frontier 100 ETF (NYSEArca: ...
Oil prices are low, and oil-producing nations that once made strange bedfellows are now pals. Russian President Vladimir Putin welcomed Saudi Arabia's King Salman this week to Moscow. The aging monarch's visit marked the first Saudi royal visit to Russia, and provided strong evidence that Putin's influence extends beyond the distressed petro-states to the most powerful countries, write RBC Capital Markets' head of commodity strategy, Helima Croft, and Strategist Michael Tran.
Religion, poverty and oil exacerbate ethnic and tribal divisions in Nigeria, which is why people in its southern region once known as the self-declared Republic of Biafra have a keen eye on Catalonian secessionists. Nigeria's economy depends on oil, and low crude prices combined with the failing health of President Muhammadu Buhari have raised the specter of a turbulent political transition in the capital. Biafra encompassed nine southern Nigerian territories, from 1967 to 1970.
Home to a staggering $62 billion in assets under management at the end of August, the Vanguard FTSE Emerging Markets ETF (NYSEARCA: VWO) is the largest emerging markets exchange traded fund by a significant ...
As Qatar, ostracized by its Gulf Coast neighbors, forges new trade ties with Pakistan, equity values in both countries are moving to new lows. Qatari shipping conglomerate Milaha is launching a new direct ...
Kenya is infor two months of economic and political uncertainty after the nation's supreme court nullified the Aug. 8 presidential election. Kenya is the economic hub of East Africa, and growth in the largely agrarian economy has been strong. Kenyan voters will go back to the pols within 60 days, and the seemingly victorious President Uhuru Kenyatta will again face off against former Prime Minister Raila Odinga amid charges of vote fraud.
It may be a a sign of a peak in enthusiasm for risky assets when Tajikistan enters the international debt market for the first time, and Kenya offers $29 smartphone bond purchases to local investors. The headlines are courtesy of the authors of Grant’s Interest Rate Observer, the pithy newsletter peppered with sarcasm, which added the following in its Aug. 30 Almost Daily Grant's rate roundup: "... Away from the old continent and the loving embrace of Mario Draghi, B3-rated Tajikistan (which borders Afghanistan to the south) is set to issue 10-year bonds (investor meetings are to begin Aug. 31), in its first ever foray into the international debt market. Successful recent offerings from other frontier markets (a euphemism which replaced the less-sensitive yet arguably more descriptive “waste places”) including Iraq and Belarus have raised hopes for the mountainous central-Asian nation, which has a GDP per capita of just $804 according to estimates from the World Bank.
Argentina's equities are jumping higher after the ruling coalition did better than expected in primary legislative elections Sunday. The results highlight greater-than-expected support for President Mauricio Macri’s reform agenda at the expense of left-wing populism, Capital Economics writes. The Global X MSCI Argentina exchange-traded fund (ARGT) was up 3.3% today, while the iShares MSCI Emerging Markets ETF (EEM) was up 1.3% and the iShares MSCI Frontier 100 ETF (FM) was up 1.9%.
Credit ratings agency S&P Global raised its long- and short-term national scale ratings on South Africa to zaAAA/zaA-1+ from zaAA-/zaA-1 late Friday. It explains: "Today's rating action resulted from a recalibration of the South Africa national scale mapping table, and does not reflect any change in the fundamental credit quality of South Africa or of the sovereign's outstanding debt. The purpose is to provide a rank-ordering of credit risk within the country." Moody's Investors Services, which had a ratings decision on South Africa scheduled for Friday, was silent, giving South Africa a reprieve after a vote of no confidence in President Jacob Zuma failed earlier this week.
One of the worst-performing developing-country funds today is the Herzfeld Caribbean Basin Fund (CUBA) after U.S. and Canadian officials confirmed they are investigating "bizarre incidents" and health symptoms experienced in late 2016 among diplomats who were stationed in the country. The iShares Latin America 40 ETF (ILF) was up 0.5%, the iShares MSCI Frontier 100 ETF (FM) was up 1% and the iShares MSCI Emerging Markets ETF (EEM) was up 0.3%. "A variety of physical symptoms" experienced by U.S. diplomats, staff members and their families last fall were not life threatening, but some diplomats left the country and the U.S. expelled two Cuban diplomats earlier this year.
In a year of strength for emerging markets equities and exchange traded funds, some single-country ETFs tracking smaller emerging and frontier economies may be going overlooked. It can be said that's the ...
Later Tuesday, MSCI Inc. (NYSE: MSCI ), one of the largest providers of indexes for use with exchange-traded funds, releases its annual market classification. While most eyes will be on MSCI's decision ...
The Middle Eastern geopolitical landscape shifted over the weekend after a handful of Gulf countries officially cut ties with the small but rich nation of Qatar. Saudi Arabia , along with Bahrain, the ...
The Global X MSCI Pakistan ETF (NYSE: PAK ) is up 8.3 percent year-to-date, a solid performance among the single-country exchange traded funds dedicated to nations classified as frontier markets. PAK: ...