|Day's Range||19.30 - 19.50|
|52 Week Range||3.79 - 19.96|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||1.02%|
The Global X MSCI Nigeria exchange-traded fund (NGE) was one of the few developing-market country funds that moved higher Thursday, continuing its stunning 16% run in June. Nigerian Vice-President Yemi Osinbajo has been running the country with President Muhammadu Buhari in London on medical leave for an unspecified ailment. Quelling rumors of his death after an extended silence, Buhari on Saturday released an audio message to mark the end of Ramadan. He called for peace as tribal conflict conjures up memories of Nigeria's 1967-70 civil war, in which more than one million people died, Newsweek reports.
We have highlighted ETFs that have gained and lost on MSCI's decision and are likely to continue the trend in the near term.
You can bet that the Argentines are huffing at the prospect of remaining in an investing index with Nigeria, but that's what happened Tuesday. MSCI announced its rejiggers of stock indexes after the close, and said Argentina will remain in its frontier market category, though the Latin American country with a new and market-friendly president was considered for a lift to emerging status. Nigeria also remains a frontier country, though investors there may be breathing a sign of relief as the country is at risk of being removed.