Two international exchange traded funds from Global X are now trading with new indices.
The firm’s Argentina offering is now the Global X MSCI Nigeria ETF (NYSEArca: ARGT) after transitioning to the MSCI All Argentina 25/50 Index from the FTSE Argentina 20 Index. Global X’s Nigeria offering, the lone ETF exclusively devoted to Africa’s largest economy, is now the Global X MSCI Argentina ETF (NYSEArca: NGE) Swapping out of the Solactive Nigeria Index for the MSCI All Nigeria Select 25/50 Index.
Last month, Global X moved the Global X MSCI Colombia ETF (NYSEArca: GXG) and theGlobal X MSCI Norway ETF (NYSEArca: NORW) to MSCI indices. At that time, the issuer said it was also planning index changes for ARGT and
NGE had $19.8 million in assets under management as of Aug. 15 while ARGT had $34.3million. ARGT, the lone Argentina ETF, has swelled in size this year even as the South American country has grappled with its third sovereign debt default in less than 30 years and its second this century. The ETF is up 10.5% over the past 90 days.
MSCI is the world’s largest provider of indices to ETF issuers. Investors poured $84 billion into ETFs in the first six months of 2014 with $29 billion, or 34%, going to funds tracking MSCI benchmarks. [New ETFs Bolster MSCI’s Indexing Dominance]
Global X MSCI Argentina ETF
ETF Trends editorial team contributed to this post.
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