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PAK - Upgrading Global X MSCI Pakistan ETF To Neutral
Global X MSCI Pakistan
The Global X MSCI Pakistan ETF (PAK) offers a trailing dividend yield of 9.42% and an estimated forward dividend yield of 8.0%. We believe that threats to dividends have declined over the past few months as it now appears that the monetary tightening cycle in Pakistan has ended and currency risk has substantially subsided. However, we believe that economic growth problems will persist for the next couple of years, thereby restraining corporate earnings growth.
External Position and Inflation No Longer Require Further Monetary Tightening