NGE - NGE: Nigeria Still Growing Too Fast To Trade At 4x Earnings

As one of the largest economies in the continent with the greatest demographic potential over the next 30 years, I am still somewhat surprised that there is only one US-listed ETF tracking the Nigerian equity market. I am also somewhat surprised that given the very high expense ratio and "monopoly" of access this ETF provides to this market, that the Global X MSCI Nigeria ETF (NGE) only has about $27 million in assets under management. In this article, I wanted to refresh my look at NGE, especially at its top three holdings, and

Read more ...