Furthermore, countries such as Nigeria are debuting their own gold ETFs, which reflects the growing interest in the region for ETF investing. Nigeria is the third country in the region to list an ETF on their exchange–Johannesburg Stock Exchange started ETF trading in 2004, followed by Botswana in 2010, reports Rebecca Hampson for Financial News. Ghana is awaiting approval to begin trading a gold ETF as well.
ETFs focused on the frontier region:
- Market Vectors African Index (NYSEArca: AFK) Gives very broad exposure to Africa.
- iShares MSCI South Africa Index (NYSEArca: EZA) Tracks the most developed economy in Africa.
- PowerShares MENA Frontier Countries Portfolio (NYSEArca: PMNA) Gives investors exposure to North Africa and the Middle East.
- Market Vectors Egypt Index (NYSEArca: EGPT) A pure play on the economy of Egypt.
Market Vectors African Index
Tisha Guerrero contributed to this article.