Nigeria Equity

Nigeria equity mutual funds and ETFs own securities listed on the Nigerian... Nigeria equity mutual funds and ETFs own securities listed on the Nigerian Stock Exchange. The most well-known exchange is the NSE-30 Index which is a cap-weighted index divided into 5 sectors. Nigerian equity mutual funds and ETFs tend to have large weightings in consumer goods, banking, and oil and gas. Some of the largest companies include Dangcem, MTNN, and Buafoods. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Naira. The Nigerian economy, the world’s 26th largest by nominal Gross Domestic Product as of 2021, is characterized by rapid GDP growth, a burgeoning population, and a heavy reliance on oil for government revenues. Investment as a share of GDP was 33.8% as of 2021, matching its average going back to 1981. As an emerging market economy, Nigeria equity mutual funds and ETFs may be appropriate for aggressive investors. Last Updated: 04/19/2024 View more View less

Nigeria equity mutual funds and ETFs own securities listed on the Nigerian Stock Exchange. The most well-known exchange is the NSE-30 Index which is a cap-weighted index divided into 5 sectors. Nigerian equity... Nigeria equity mutual funds and ETFs own securities listed on the Nigerian Stock Exchange. The most well-known exchange is the NSE-30 Index which is a cap-weighted index divided into 5 sectors. Nigerian equity mutual funds and ETFs tend to have large weightings in consumer goods, banking, and oil and gas. Some of the largest companies include Dangcem, MTNN, and Buafoods. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Naira. The Nigerian economy, the world’s 26th largest by nominal Gross Domestic Product as of 2021, is characterized by rapid GDP growth, a burgeoning population, and a heavy reliance on oil for government revenues. Investment as a share of GDP was 33.8% as of 2021, matching its average going back to 1981. As an emerging market economy, Nigeria equity mutual funds and ETFs may be appropriate for aggressive investors. Last Updated: 04/19/2024 View more View less