August 24, 2015 will be remembered as another rendition of Black Monday as equity bourses the world over plunged. Things were so bad that various headlines implied the Dow's nearly 600-point tumble was not so bad when considering the blue-chip index opened down by 1,000 points.
Well, there were a few winners and Monday's big winner among global equity markets was, drum roll please... the Nairobi Securities Exchange, the major equity index in Kenya. Stocks in Africa's ninth-largest economy climbed nearly 2.5 percent.
Running Strong
Although there is not a dedicated Kenya exchange traded fund listed in the US, daring investors can access Kenyan stocks via several U.S.-listed ETFs. That is if you are a believer that Monday's temerity is a sign of things to come for Kenyan stocks. Remember, Nairobi Securities Exchange would need to gain more than 33 percent from Monday's close to hit its 52-week high.
Related Link: The Biggest Losers From Monday's Market Meltdown
FRN
The Guggenheim Frontier Markets ETF (NYSE: p>
/www.benzinga.com/trading-ideas/long-ideas/15/08/5788164/how-to-access-black-mondays-best-performing-market-if-you-dar alt=How To Access Black Monday's Best-Performing Market (If You Dare)>Full story available on Benzinga.com
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