Pioneering exchange-traded fund provider Global X Funds is adding some more frontier market flavor to its portfolio.
Starting tomorrow, the firm will start trading the Global Nigeria Index ETF (NGE) and the Central Asia & Mongolia Index ETF on NYSE Arca, according to the NYSE Euronext. AZIA and NGE will have annual fees of 69 basis points and 68 bps, respectively, according to the fund’s marketing documents.
The two new offerings will complement Global X’s slate of frontier and emerging market funds covering China, Columbia, the Nordic region, and Argentina. All told, the firm currently manages some $1.8 billion in assets as of the end of March 2013.
