Global X MSCI Nigeria ETF Review and Investment Insights

The Global X MSCI Nigeria ETF is an investment vehicle that allows you to tap into the Nigerian economy. It tracks the MSCI Nigeria Index, which is designed to measure the performance of the Nigerian equity market.

The ETF holds a portfolio of Nigerian stocks, giving you exposure to the country's growing economy. Nigeria has a large and diverse economy, with a strong presence of industries such as oil and gas, finance, and consumer goods.

Investing in the Global X MSCI Nigeria ETF can provide diversification benefits to your portfolio, especially if you're already invested in emerging markets in other regions.

The Performance of Global X MSCI Nigeria ETF has been quite a rollercoaster ride. The fund has a Performance since Inception of -86.51%.

Over the past year, the fund's High has been 18.62%, which is a significant increase. However, it's worth noting that the Maximum Loss 1 Year has been -66.12%, indicating a substantial decline.

The fund's Alpha 1 Year has been -49.18%, which means it has underperformed the market by this amount. On the other hand, the Average Gain 1 Year has been 8.04%, suggesting that the fund has performed relatively well in this period.

Here's a summary of the fund's performance metrics:

The fund's Beta 1 Year has been 0.33, indicating a relatively low level of volatility. However, the Tracking Error 1 Year has been 81.33%, suggesting that the fund's performance has been quite different from the market's.

The Global X MSCI Nigeria ETF is a fund that's been around since April 2, 2013.

This fund is part of the Global X Funds family.

Here are the key details about this fund:

The fund's manager is Nam To.

Let's dive into the concentration analysis of the Global X MSCI Nigeria ETF. The fund has a relatively small portfolio with a net asset value of $11.2 million, which is a far cry from the category high of $5.98 billion.

The fund holds a mere 4 stocks, which is lower than the category low of 4 stocks. This concentration is reflected in the net assets in the top 10 holdings, which account for 97.59% of the fund's total net assets.

Here's a breakdown of the fund's concentration:

The fund's concentration is also evident in its weighting of the top 10 holdings, which account for 96.39% of the total weighting. This means that a significant portion of the fund's assets are concentrated in just a few stocks.

The dividend yield of the Global X MSCI Nigeria ETF (NGE) is an astonishing 124.57%, which is significantly higher than the category average of 6.64%. This makes it an attractive option for investors seeking high dividend yields.

The ETF's dividend growth in the last 12 months is a remarkable 436.57%. This is a testament to the strong performance of the Nigerian market.

The trailing 12-month yield of the NGE is 40.24%, which is a substantial increase from the previous year. This indicates that the ETF is paying out a significant portion of its income to shareholders.

Here's a breakdown of the ETF's dividend history:

The ETF's dividend growth history is also impressive, with a compound annual growth rate (CAGR) of 436.57% from 2022 to 2023. This is a significant increase from the previous year's CAGR of 110.00%.

The Global X MSCI Nigeria ETF (NGE) has a dividend yield of 40.24%, which is significantly higher than the category high of 6.64%. This is reflected in the ETF's dividend growth in the last 12 months, which is 436.57%.

The ETF's dividend payment history shows that it pays dividends semi-annually, with the most recent payment being $2.3294 on December 28, 2023.

Here's a breakdown of the ETF's dividend payments over the past few years:

The ETF's dividend yield analysis shows that its dividend yield is 124.57% higher than the category low of 0.00%. This is likely due to the ETF's high dividend growth rate of 436.57% in the last 12 months.