Name of ETF: Guggenheim Frontier Markets ETF
Benchmark Index: BNY Mellon New Frontier DR Index
Ticker Symbol: FRN
Key Points:
- The ETF consists of approximately 40 companies located in less developed frontier markets. Examples of frontier markets include Argentina, Chile, Columbia, Egypt, Kazakhstan, Lebanon, Nigeria and Peru.
- The ETF invests primarily in ADR or GDRs.
- While there are many frontier markets represented within the ETF, they are not equally represented. Companies from Chile represent a significant percentage of the ETF with Columbia and Argentina also having notable representation.
- While there are many companies from different sectors represented in this index, the financial sector is the most represented accounting for approximately 40 percent of the ETF.
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