NGE News and Press, Global X MSCI Nigeria From 02/26/22

Pandemic risks persist, yet are expected to be short-lived. Higher oil prices should support growth and public investment. Regional/intraregional politics continue to provide uncertainty. Higher interest rates bode well for the overall banking sector. There appears to be a...

The MENA region is set to witness accelerating economic growth in the near term. We expect MENA real GDP growth at 5.2% in 2022 and 4.6% in 2023. At the same time, global supply chain disruptions, coupled with persistently high energy prices, are likely to trigger upward pressures on ...

International equities delivered mixed results in Q3 as the Delta variant strained the global recovery. The US-based S&P 500 outperformed the MSCI ACWI, with gains of 0.58% for the S&P against a -1.05% decline for the ACWI. Emerging markets lagged further, with the MSCI Em...

The global recovery continues but momentum has weakened, hobbled by the pandemic. Compared to our July forecast, the global growth projection for 2021 has been revised down marginally to 5.9 percent and is unchanged for 2022 at 4.9 percent. The dangerous divergence in economic pro...

Nigeria's restrictive FX policies, unhealthy dependence on oil exports, and unremarkable FDI flows make the Naira vulnerable. Dangote Cement has benefitted from convalescing infrastructure rebound across Africa but its long-held pricing power could be at risk. Nigerian banks have ...

International equities generally performed well in Q2 after mixed results in Q1. The Global X FTSE Nordic Region ETF (GXF) was the top performer in Q2, with returns of 9.01%. The worst performer of Q2 2021 was the Global X MSCI Colombia ETF (GXG) which recorded a -2.15% decline. ...

The inflation story in emerging markets remains highly differentiated, but the pandemic caused a sharp decline that was felt across all regions. Food inflation has been rising across major emerging markets. However, several local factors impact food inflation, and the causes of higher...

The global economy has reached an important milestone in the second quarter of 2021, surpassing the pre-pandemic real GDP peak attained in the fourth quarter of 2019. After a 3.5% contraction in 2020, global real GDP is projected to increase 6.0% in 2021, its strongest advance since 1...

Here are 12 very different "core" ETF model portfolios for 12 different investors, highlighting what I see each of 12 different fund brands being the best at. Each of these portfolios aim to provide "comprehensive core" exposure to bonds and global stocks within one of 12 consistent i...

Nigerian equities are not especially exciting from a U.S. investor's perspective. NGE is a fund that enables U.S. investors to access the Nigerian equity market, but this market is nevertheless undeveloped. With only 20 holdings (little diversification), and with higher local "ris...