International

Frontier & Frontier-Adjacent ETFs

Smaller, less liquid markets outside the EM indexes, with real currency and governance risk. Correlations to developed markets are low, but so is trading volume — spreads matter as much as expense ratios here.

Theme performance

Equal-weighted across every fund in this objective

1Y: +23.7%
5Y ann.: +7.6%
10Y ann.: —
All-time ann.: —

Sort7 funds

VNM

VanEck Vietnam ETF

VanEck

Vietnam: banks, property and consumer names benefiting from manufacturing shift.

Fee: 0.66%
AUM: $400M
Yield: 1.4%

1Y: +19.6%
5Y ann.: +2.6%
10Y ann.: —
Max ann.: —

iShares Frontier and Select EM ETF

iShares

The main frontier fund: Vietnam, Morocco, Kazakhstan, Romania and select smaller EMs.

Fee: 0.79%
AUM: $400M
Yield: 3.1%

1Y: +16.4%
5Y ann.: +6.9%
10Y ann.: —
Max ann.: —

TUR

iShares MSCI Turkey ETF

iShares

Turkey: banks and industrial conglomerates, with heavy currency drag.

Fee: 0.59%
AUM: $200M
Yield: 2.6%

1Y: +6.4%
5Y ann.: +4.6%
10Y ann.: —
Max ann.: —

GXG

Global X MSCI Colombia ETF

Global X

Colombia: banks, oil and utilities in a very small, illiquid basket.

Fee: 0.61%
AUM: $100M
Yield: 7.9%

1Y: +38.1%
5Y ann.: +9.4%
10Y ann.: —
Max ann.: —

VNAM

Global X MSCI Vietnam ETF

Global X

Vietnam single-country exposure, the largest frontier market by fund assets.

Fee: 0.55%
AUM: $50M
Yield: 1.4%

1Y: +21.6%
5Y ann.: —
10Y ann.: —
Max ann.: —

NGE

Global X MSCI Nigeria ETF

Global X

Nigeria: an oil-linked frontier market with significant currency risk.

Fee: 0.68%
AUM: $20M
Yield: 5.4%

1Y: +24.1%
5Y ann.: +9.6%
10Y ann.: —
Max ann.: —

PAK

Global X MSCI Pakistan ETF

Global X

Pakistan equities: tiny, illiquid and driven by IMF programme headlines.

Fee: 0.85%
AUM: $20M
Yield: 6.1%

1Y: +39.4%
5Y ann.: +12.4%
10Y ann.: —
Max ann.: —