Search

Blackrock to Liquidate Frontier and Emerging Market Fund

  • BlackRock to dissolve iShares Frontier and Select Emerging Market ETF, impacting Nigerian and Kenyan stocks
  • Liquidation influenced by economic instability and currency devaluations in frontier markets

 

Abuja, Nigeria – BlackRock, the world’s largest asset manager, announced it is liquidating its $400 million iShares Frontier and Select Emerging Market Exchange-Traded Fund (ETF), which invests in various frontier markets including Nigeria and Kenya.

You need an active subscription to continue reading this article.

Recent Business

breaking_news
Rwanda Inflation Slows, but Conflict in Congo Poses Economic Risks
Read More »
breaking_news
Egypt’s Inflation Cools for Third Consecutive Month
Read More »
Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights