{
    "symbol": "FM",
    "slug": "fm",
    "display_name": "FM",
    "category": "etf",
    "region": "Frontier Markets",
    "description": null,
    "url": "https://finscans.com/asset/fm",
    "lang": "en",
    "as_of": "2026-06-15T21:08:36+00:00",
    "stats_30d": {
        "total_signals": 1,
        "bullish": 0,
        "bearish": 1,
        "neutral": 0,
        "explicit": 0,
        "inferred": 1,
        "avg_impact": 3,
        "avg_confidence": 50,
        "last_signal_at": "2026-05-25 15:53:10",
        "article_count": 1
    },
    "top_catalysts": [
        {
            "text": "Nigeria GDP growth slowdown",
            "count": 1
        },
        {
            "text": "Deteriorating fiscal outlook reducing investor confidence in frontier assets",
            "count": 1
        }
    ],
    "top_risk_factors": [
        {
            "text": "Global risk-on mood could lift all emerging/frontier boats",
            "count": 1
        },
        {
            "text": "Nigeria-specific issues might not spread to other frontier names",
            "count": 1
        }
    ],
    "recent_signals": [
        {
            "signal_at": "2026-05-25 15:53:10",
            "sentiment": "Bearish",
            "impact_score": 3,
            "confidence_score": 50,
            "mention_type": "inferred",
            "timeframe": "short-term",
            "region": "Frontier Markets",
            "reasoning": "Nigeria is a significant component of frontier equity indices, and a slowdown in its biggest economy and oil sector clouds sentiment for the broader frontier and select EM universe. The GDP miss and oil contraction signal macro instability that could prompt investors to reassess risk exposure to frontier markets, putting pressure on FM.",
            "article": {
                "title": "Nigeria Q1 GDP Growth Slows to 2.8% as Oil Output Contracts",
                "url": "https://finscans.com/news/nigeria-q1-gdp-growth-slows-to-28-as-oil-output-contracts"
            }
        }
    ]
}