The long case for the Global X Nigeria exchange-traded fund (ETF)

Wall Street and the rest of the world has watched as oversupply has caused oil prices to plummet from well above $100 a barrel to below $70 a barrel in a matter of weeks. This has caused mass hysteria, leading to overselling of many otherwise sound assets. The markets most affected by this sell-off are identifiable as Frontier Markets.

An interesting and very harshly affected economy, for reasons also extending beyond oil, has been Nigeria.

Opportunistic investors should look to Nigeria in the form of a single country ETF Global X MSCI Nigeria ETF (NYSEARCA:NGE). The Relative Strength Index for NGE is below 30, signaling that it is oversold and undervalued. It currently trades close to its Net Asset Value.

Read more: The Long Case For Global X Nigeria Index ETF – Global X Nigeria Index ETF (NYSEARCA:NGE) | Seeking Alpha.