Africa

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Nigerian markets and country-specific exchange traded fund are surging after the frontier country’s central bank made a policy one-eighty on exchange rates. The Global X Nigeria Index ETF (NYSArca: NGE) added another 1.2% Friday after surging 9.3% over the past week and jumping above its long-term, 200-day simple moving average. NGE is up 25.1% over […]

South African mining companies experience their best month in 17 years Miners enjoy improved margins due to a surge in prices on raw materials However, South Africa’s mining industry remains vulnerable to slowing global growth The rally in global miners fueled a surge in South Africa’s equities market and country-specific exchange trade fund, with South […]

Developing markets took the brunt of the global selling pressure, but the weakness may have open opportunities for bargain hunters as some of the cheapest exchange traded funds track the emerging markets. For instance, the Market Vectors Russia ETF (NYSEArca: RSX) shows a 6.99 price-to-earnings ratio and SPDR S&P Russia ETF (NYSEArca: RBL) is trading […]

The South Africa country-specific exchange traded fund has been experiencing some wild swings on political volatility and surged Monday after President Jacob Zuma reinstated Pravin Gordhan as finance minister, calming market nerves. The iShares MSCI South Africa ETF (NYSEArca: EZA) plunged 16.1% over the past week and bounced back 7.4% Monday. Leading South Africa’s markets […]

Global markets were reeling earlier this week, but the sell off has left many emerging markets and country-specific exchange traded funds with cheaper valuations. The MSCI Emerging Markets Index plunged 11% in local currency terms this month, pushing 12-month forward price-to-earnings ratio to 9.4, a little below its 5-year average of 10, reports Ansuya Harjani […]

Emerging market exchange traded fund investors should closely monitor their Colombia and Mexico exposure as the two economies join the infamous list of “fragile five” emerging countries. According to JPMorgan Asset management, Colombia and Mexico are now members of the so-called fragile five group of emerging markets, edging out Brazil and India, reports Steven Johnson […]

As investors try to comb the world for the next big market, some may turn to Africa exchange traded funds to capture potentially more rapid growth. There are a number of Africa-focused ETFs that investors can choose from. For instance, the Market Vectors Africa Index ETF (NYSEArca: AFK) weights countries determined by the size of […]

The slipping oil prices are pressuring commodity-sensitive currencies, along with major oil-exporters and country-specific exchange traded funds. The United States Brent Oil Fund (NYSEArca: BNO) fell 13.8% over the past three months. Brent crude oil futures are now trading around $56.7 per barrel. Meanwhile, currencies of major oil exporters, including Canada, Russia and Nigeria, depreciated […]

Global economic growth is expected to remain sluggish this year on a slowdown in major developing countries. However, India and country-specific exchange traded funds could lead the emerging markets. India remains one of the best performing markets in the developing world. Over the past year, the WisdomTree India Earnings Fund (NYSEArca: EPI) rose 24.0%, iShares […]

After India and Indonesia enacted reforms to bolster their economies, emerging market exchange traded fund investors will only have to monitor the remaining fragile three if the Federal Reserve decides to tighten its monetary policy. Morgan Stanley first identified the Brazil, India, Indonesia, Turkey and South Africa as the five most vulnerable to changes in […]

Egypt’s economy and related exchange traded fund may be shaking off the specter of volatility as the country pushes forward with structural reforms that could bring back foreign investors. The Market Vectors Egypt Index ETF (NYSEArca: EGPT) is up 5.0% year-to-date and increased 8.6% over the past year. The Egypt ETF has also been trading […]

As Africa grapples to contain the deadly Ebola virus, cocoa prices and related exchange traded notes are rising on fears that an outbreak will disrupt the world’s largest producer. The iPath DJ-UBS Cocoa TR Sub-Index ETN (NYSEArca: NIB) was up 2.3% Friday while the iPath Pure Beta Cocoa ETN (NYSEArca: CHOC) rose 2.2%. Over the […]

With China’s spending on the decline and the U.S. Federal Reserve aiming toward tighter monetary policies, emerging market exchange traded funds that track the so-called fragile five – Brazil, India, Indonesia, South Africa and Turkey – could mirror the weakness experienced earlier this year. “Growth in emerging markets has been driven by Chinese demand and […]

Moody’s Investors Service lowered the ratings of South Africa’s four largest banks and could issue further cuts after the collapse of African Bank Investments, dragging down the country-specific exchange traded fund. The iShares MSCI South Africa ETF (NYSEArca: EZA) fell 0.4% Tuesday. Nevertheless, the fund is still up 11.3% year-to-date. Moody’s cut the local-currency deposit […]

As Africa’s frontier markets develop, some of those economies are growing into the next generation of so-called African lions that could follow the path of the Asian tigers of the 21st century, potentially providing exchange traded fund investors an attractive growth opportunity. ETF investors can gain exposure to the broad African equities market through the […]

In an attempt to head off a spike in energy prices and rising consumer prices, Egypt’s central bank unexpectedly hiked interest rates, putting pressure on growth and the country-related exchange traded fund. The Market Vectors Egypt Index ETF (NYSEArca: EGPT) dipped 0.2% Thursday. EGPT has surged 28.4% year-to-date. The Monetary Policy Committee raised its benchmark […]

The five-month miner strike in South Africa has ended, but platinum exchange traded fund investors may still see low supply and elevated prices over the short-term as normal mining operations slowly get back online. The ETFS Physical Platinum Shares (NYSEArca: PPLT) was up 0.9% Tuesday. PPLT has gained 5.9% year-to-date. [ETF Chart of the Day: […]

After former Egyptian army chief Abdel Fattah al-Sisi’s win in the presidential election, Egypt exchange traded fund plunged Thursday on a new capital gains tax for investors and the new administration’s unclear objective for the economy. The Market Vectors Egypt Index ETF (NYSEArca: EGPT) fell 5.2% Thursday. EGPT, though, is still up 32.4% year-to-date. The […]

With no end in sight for the strikes on three South Africa’s three largest platinum miners, an extended economic malaise could weigh on the South Africa country-specific exchange traded fund. The iShares MSCI South Africa ETF (NYSEArca: EZA) has gained 7.2% year-to-date. Moody’s Investors Service warned that the prolonged strikes will have a “profound” effect […]

The South Africa country-specific exchange traded fund jumped Thursday, following a victory for the business friendly and reform-minded African National Congress in the country’s general election The iShares MSCI South Africa ETF (NYSEArca: EZA) rose 2.0% Thursday. EZA has surged 16.4% over the past three months and is up 5.2% year-to-date. After the about 80% […]

Investors are turning to bargains in emerging and frontier markets, with Nigerian stocks and related exchange traded fund bouncing back from their worst sell-off in over two years. The Global X Nigeria Index ETF (NYSEArca: NGE) has surged 10.0% since its March 19 low. Nevertheless, the ETF is still down 7.4% year-to-date after a steep […]

Tennessee, the Volunteer State,  is the top holder or second-largest investor in 12 emerging market exchange traded funds, highlighting the growing usage of ETFs as an investment tool to gain targeted exposure to market areas. The Tennessee Consolidated Retirement System is now one of the biggest investors of country-specific emerging market ETFs, reports Margaret Newkirk […]

Investors who are more risk tolerant should take a closer look at Africa-related exchange traded funds capitalize on the growth story in the emerging markets. For instance, the iShares MSCI South Africa ETF (NYSEArca: EZA) is includes a portfolio of well-run financial services, telecommunication and consumer companies that have penetrated markets across Africa, writes Morningstar […]

Equities and stock exchange traded funds are looking rosier as markets quickly recovered over February, with broad benchmark indices breaking record highs after growth concerns induced a January correction. The Dow Jones Industrial Average gained 6.5% since the February 3 low. Meanwhile, the Nasdaq Composite jumped 8.2% and the S&P 500 surged 7.1%. The top […]

The Egypt exchange traded fund has been one of the few bastions of strength in the emerging markets space, and the economy will continue to recover as a second stimulus infusion goes into effect. The Market Vectors Egypt ETF (NYSEArca: EGPT) has gained 16.0% year-to-date. Meanwhile the MSCI Emerging Markets Index is down 6.5% so […]

A prominent theme tied to emerging markets in recent months has been a spate of central bank actions. Primarily, developing world central banks have been raising interest rates as a means of defending sagging currencies. Conventional wisdom dictates that it usually takes several months for an interest rate change, in either direction, to make an […]

Standing out among frontier markets that have been outpacing developed and emerging economies, the Nigeria exchange traded fund could continue to find support from a young and rising middle class. The Global X Nigeria Index ETF (NYSEArca: NGE), which launched in April 2013, has gained 10.5% over the past three months, compared to the 4.9% […]

After political instability and repeated protests swept the country, the Egyptian government is injecting money into the economy, bolstering the Egypt related exchange traded fund, with the Egyptian benchmark edging to its highest level in almost three years. The Market Vectors Egypt ETF (NYSEArca: EGPT) has surged 52.2% since the June 24 low. EGPT is […]

Ever since the Egypt’s military took over after massive protests rocked the country, cheap valuations and political stability bolstered Egyptian stocks and country-specific exchange traded fund. The Market Vectors Egypt ETF (NYSEArca: EGPT) has surged 35.8% since the June 24 low. EGPT, though, is still down 2.1% year-to-date. The Egyptian benchmark EGX 30 Index increased […]

The Egypt related exchange traded fund is faltering and showing a greater disconnect with the underlying stocks as political violence escalates and forces the Egyptian bourse to close. The Market Vectors Egypt ETF (NYSEArca: EGPT) was down 3.2% Thursday and has declined about 5.7% since the street violence began Wednesday. Bloody violence erupted in Egypt […]