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Global X Funds adds Pakistan-focused ETF to Frontier Market family of funds

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Global X Funds has expanded its family of Frontier Market exchange traded  funds with the launch of The Global X MSCI Pakistan ETF (PAK).

PAK offer investors access to the largest, most liquid publicly traded companies in Pakistan, providing investors targeted exposure to this country.

Goldman Sachs has included Pakistan in its “Next 11” list of economies; a group of large, potentially fast-growing markets that are expected to be important sources of economic growth in the future.

Pakistan is one of the larger, more liquid frontier markets. With a large, youthful labour force, it has become an enticing destination for investors looking beyond traditional emerging markets, which have been demonstrating slowing growth.

The new fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Pakistan Select 25/50 Index. The index is designed to represent the performance of the broad Pakistan equity universe, while including a minimum number of constituents. The broad Pakistan equity universe includes securities that are classified in Pakistan according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Pakistan and carry out the majority of their operations in Pakistan. 

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