NGE (Global X MSCI Nigeria ETF) is no longer actively trading.
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This fund commits a significant portion—at least 80%—of its total assets to tracking its benchmark index. This investment strategy involves holding the direct securities that comprise the index, as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) tied to those same index constituents. The underlying index aims to reflect the broad performance of the Nigerian stock market, though it is constructed with a specific, minimum number of companies. Notably, this fund is categorized as non-diversified.

During the shortened trading week leading up to the Easter holiday, a total of 10 new ETFs launched on the U.S. market. These include funds from BlackRock, Morgan Stanley, VanEck, Invesco, Eagle Capital and Inspire.

SkyQuest projects that the global enterprise WLAN market will attain a value of USD 102.96 billion by 2031, with a CAGR of 11.26% during the forecast period (2024-2031). Rapid digitization and increasing demand for Internet-of-Things (IoT) devices will fuel global enterprise WLAN market growth. Furthermore, the increasing popularity of telecommunications and broadband services is likely to boost the industry. The market expansion can be primarily attributed to the industry's demand for reliable internet connectivity and the continuous expansion of corporate networks. SkyQuest projects that the global enterprise WLAN market will attain a value of USD 102.96 billion by 2031, with a CAGR of 11.26% during the forecast period (2024-2031). Rapid digitization and increasing demand for Internet-of-Things (IoT) devices will fuel global enterprise WLAN market growth. Furthermore, the increasing popularity of telecommunications and broadband services is likely to boost the industry. The market expansion can be primarily attributed to the industry's demand for reliable internet connectivity and the continuous expansion of corporate networks.

Wall Street was moderately upbeat last week and exhibited a decent Santa Clause rally.

Only eight funds debuted during the week ending August 11. The new ETF launches included a sustainable commodity fund from USCF Advisers, two fixed income ETFs from Strive Asset Management, and an options strategy ETF targeting Netflix stock from YieldMax.

The week ending Friday, July 21, has been busy for the ETF industry, though launches were muted. A total of seven funds rolled out, which suggests the market could be entering some kind of summer slump.