Are Nigerian Stock ETFs the Ultimate Value Play? : vimarsana

Are Nigerian Stock ETFs the Ultimate Value Play?


December 10, 2020
High-level officials in Nigeria are forecasting a comeback for the country’s economy in 2021. This is a positive sign for ETF investors looking for value plays in emerging markets with funds like the
NGE seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Nigeria Select 25/50 Index. The fund will invest at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the underlying index.
The underlying index is designed to represent the performance of the broad Nigeria equity universe, while including a minimum number of constituents.

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