iShares MSCI Frontier 100 ETF (FM)
This fund tracks the MSCI Frontier Markets Index, having accumulated $279.6 million in AUM and trading in average daily volume of more than 117,000 shares. The product is well spread across a basket of 101 stocks as each security makes up for less than 6.62% share of the total assets (read: Frontier Markets: A Better Choice for ETF Investors?).
Unlike the other two ETFs, financials dominate in terms of sector exposure, accounting for a whopping 55% of the total assets, while telecom services (14.31%) and industrials (11.36%) round out the top three. In terms of country exposure, the Gulf States dominate, as Kuwait (26.09%), Qatar (18.82%), and the UAE (14.21%) are in the top three spots, while Nigeria also gets a double-digit allocation with 12.09%.
The fund has an expense ratio of 0.79% and is up 11.73% year-to-date.
Investors should note that these products have clearly outpaced the ultra-popular broad emerging market funds like (VWO) and (EEM) by wide margins.
This suggests that investors could dig into the space with these ETFs that are still up this year, even with unfavorable macro conditions and terrible performances by most emerging nations so far in 2013.
This article is brought to you courtesy of Eric Dutram.