Frontier Markets Fund: top earners
In Part 3 of this series, we looked at Argentinean (ARGT) ADRs that have earned well for the Guggenheim Frontier Markets ETF (FRN) so far this year (as of April 19), with some that have earned even over 40% return YTD. Now let’s look at some other noteworthy US-traded companies that have earned well for the FRN ETF for the year (as of April 19). Arcos Dorados Holdings (ARCO), Kaz Minerals (KZMYY), Copa Holdings (CPA), and Nostrum Oil & Gas (NSTRY) are the key names here (table below).
Let’s take a quick look at another key market where the FRN is invested:
Kuwait is another market that the Guggenheim Frontier Markets ETF (FRN) is heavily invested in. The country commanded a 14.77% portfolio weight in the frontier market (FM) fund as of April 19. Being invested in Kuwaiti equity has delivered the ETF 9.98% return so far this year (as of April 19). The FRN is invested in a total of 15 Kuwaiti stocks, 10 of which have delivered a positive return for the ETF so far this year, with the highest positive return being 35.49% returned by Alimtiaz Investment Co KSCC. Alimtiaz Investment currently trades at an attractive P/E of 13.19.