PAK is home to 34 stocks with the top 10 holdings combining for nearly two-thirds of the ETF’s weight. Like many single-country frontier market ETFs, PAK is dominated by the financial services and energy sectors. Those groups combine for nearly 57% of the fund’s weight with materials accounting for another 23%.
There is precedent for frontier markets earning an emerging markets promotion from MSCI. The index provider did that last year with Qatar and UAE and in the run-up to that promotion, FM and other ETFs with large weights to those countries surged. [Frontier Changes Could Produce a Better ETF]
Global X MSCI Pakistan ETF
