Global X Emerging/Frontier ETF Debuts

Global X is no stranger to frontier markets ETFs as the firm issues the Global X FTSE Argentina 20 ETF (NYSEArca: ARGT), the Global X Nigeria Index ETF (NYSEArca: NGE) and the Global X Central Asia & Mongolia (NYSEArca: AZIA). [Global X EM/Frontier ETF on Deck]

EMFM tracks the Solactive Next Emerging & Frontier Index. “Countries represented in the index represent 24% of the world’s population, but just 12% of the world’s GDP and 8% of the world’s equity market cap. Economists expect developing and frontier nations to close the gap with their developed counterparts as GDP becomes more representative of the population size and the market cap- to-GDP ratio climbs,” according to Global X.

EMFM’s largest country is a 10.5% allocation to Malaysia and the largest sector weight is 20% to financial services.

EMFM Country Matrix

Chart courtesy: Global X