HSBC did upgrade Kazakhstan “to Positive from Neutral and initiated coverage on Morocco at Positive,” according to Barron’s. Following its loss of emerging markets status, Morocco will join FM next year. Kazakhstan is the ETF’s ninth-largest country weight at 3.47%.
Investors looking for additional exposure to Kazakh equities can evaluate the Global X Central Asia & Mongolia Index ETF (NYSEArca: AZIA) as Kazakhstan is that ETF’s second-largest country weight at almost 23.3%.
iShares MSCI Frontier 100 ETF
ETF Trends editorial team contributed to this post.