S&P's Mongolia Downgrade Not Hitting Central Asia ETF...Yet: "The one ETF that could be vulnerable to S&P's now dour view of Mongolia is the newly minted Global X Central Asia & Mongolia Index ETF (NYSE: AZIA ), which debuted earlier this month. AZIA is the one ETF currently on the market with noteworthy exposure to commodities-rich Mongolia. The fund allocates 13.96 percent of its weight to the country, making Mongolia the ETF's third-largest country exposure behind Kazakhstan and Russia, according to Global X data .
AZIA has not traded yet on Wednesday, but the new ETF has gained two percent in the past week. The ETF is the first to give significant allocations to Kazakhstan (46.1 percent), Mongolia and Turkmenistan (5.9 percent). AZIA is also the only ETF with any decent exposure to Kyrgyzstan and Tajikistan."
'via Blog this'
