NGE
Global X MSCI Nigeria ETF
Global X Nigeria Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Nigeria Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
11.3 M
ASSETS UNDER MGMT
83 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 02, 2013 |
| Assets (mns) | $11 |
| Expense ratio | 83 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
Constituent Breakdown
| Number of holdings | 1 |
| Herfindahl-Hirschman Index | 0 |
| Wgt avg mkt cap (mns) | $0 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
Historical Performance
Standardized Performance (as of 02/29/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | 0.0% | -1.4% | -0.9% | -5.7% | -8.3% | -13.5% | -- | -13.0% | Ann. Volatility | 45.6% | 43.9% | 34.2% | 30.2% | 31.3% | 29.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.64 | 12% |
| MSCI EAFE | 0.94 | 24% |
| MSCI Emg Mkts | 0.86 | 21% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 1.83% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $3.77 |
| 30d moving avg. | $7.72 |
| Annualized volatility | 33.0% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NGE |
Expenses vs. NGE |
ALTAR Score™ vs. NGE |
|---|
Risk and Returns: NGE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/28/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NGE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
ALTAR Score™
NGE
0.0%
Cat. Avg
10.1%
ALTAR Score™ Calculation
Category Overview
There are 150 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.1% and a standard deviation of
4.2%. NGE's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places NGE in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NGESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| NGE (83 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NGE | 83.0 | 182.9 | 265.9 |
| Peer Avg. | 62.0 | 45.1 | 107.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .