Currently, top holdings in FM are allocated to the following countries: Kuwait (31.20%), Qatar (15.70%), UAE (11.70%), Nigeria (10.50%), and Pakistan (4.8%). There is another Frontier Markets based ETF on the market, FRN (Guggenheim Frontier Markets), which has been around since the middle of 2008. Tracking the BNY Mellon New Frontier DR Index, the fund has a much different make up than FM, in that top country weightings look like the following: Chile (42.65%), Colombia (14.41%), Egypt (11.33%), Peru (9.06%), and Argentina (7.15%).
iShares MSCI Frontier 100
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