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Global X Rolls Out Nigeria, Central Asia ETFs

State Street launches an actively managed senior loan ETF, BNP to shut down its only ETF, the SEC upholds its approval of J.P. Morgan's proposed physical-copper ETF, and ALPS eyes an EAFE 'dividend dogs' fund. Plus, the week's best- and worst-performing funds.

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On Wednesday, April 3, Global X launched a pair of passively managed exchange-traded funds devoted to commodity-rich frontier markets.

Global X Nigeria ETF (NGE) offers investors the first single-country fund devoted to Nigeria. The country's economy is heavily tied to oil and gas, which make up about 90% of export earnings and 80% of government receipts. What's more, Nigeria's economy has been expanding nicely.

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Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.