February 05, 2008 at 1:00 am by Tom Lydon
Ever wonder if there are exchange traded funds (ETFs) for exotic locales such as Kuwait or Kathmandu?
Carl Delfeld for ETFfolio did the research and found data on overseas stock markets from Portfolio magazine. The numbers make one wonder where the ETFs for some of these markets are.
The Kuwait Stock Exchange is up 486% over the last five years. It has a $106 billion market cap and 190 listed companies. The Nairobi Stock Exchange has a $10.7 billion market cap, 58 listed companies and is up 400% in the same period.
Compare that with the Dow, which is up 50%, and the FTSE 100, up 42%, in the same time span.
Tags: Emerging Markets, Frontier Markets, Kuwait
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