With the government removing fuel subsidies and oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is
expected to double over the next three months especially as oil hits a
benchmark price of $ 38 per barrel with the
International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.
The fund's expense ratios aren't
expected to be affected by the transition to the new
benchmark, which was among changes to four U.S. - domiciled
international equity index funds and ETFs announced earlier this year.