iShares move to close last physical frontier ETF marks end of era

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Financial Times 12h ago

iShares move to close last physical frontier ETF marks end of era - Financial Times

Quick Summary:

The demise of FM is part of a wider retreat by the ETF industry from problematic markets, with Global X axing its MSCI Nigeria ETF in March in response to Nigeria’s foreign exchange policies.

This fund relies on “synthetic” swap-based replication of the underlying index, rather than investing directly in frontier market stocks, as the iShares ETF does.

The impending closure will leave the Luxembourg-domiciled $92mn Xtrackers S&P Select Frontier Swap Ucits ETF (DX2Z) as the world’s only remaining frontier equity ETF, according to data from Morningstar Direct.