ETF Trends
07-25-2008, 06:20 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/07/photo_lg_bahrain-300x245.jpgVan Eck is trekking out into frontier markets with the launch of their exchange traded fund (ETF).
Market Vector Gulf States (MES (http://finance.yahoo.com/q?s=mes)) gives easy access to the gulf states of Bahrain, Kuwait, Oman, Katar and United Arab Emirates.
The fund’s expense ratio is 0.50%, with total net expenses at 0.98%. The ETF tracks the Dow Jones GCC Titans 40 Index. The Gulf region has been on a run, thanks to high energy prices. The spending on infrastructure and urbanization is growing and sustainability will only be known in the future.
The top country weightings are: Kuwait, 52.3%; United Arab Emirates, 25.9% and Qatar, 14.9%. Banks are the most well-represented sector, with 38.5% of the holding. Financial services follow at 21.6%; real estate is 10.5%.
This fund comes on the heels of the WisdomTree Middle East Dividend Fund (GULF (http://finance.yahoo.com/q?s=gulf)), which shares a similar makeup. The top countries are Kuwait, 27.2%; United Arab Emirates, 16.9%; Qatar, 16.5%. Financials is the top sector, with 51.6%, while telecommunications comes next with 24.7% of the holdings.
The Middle East has been a hot place lately, for both temperature and ETF attention:
iShares MSCI Israel Capped Investable Market Index (EIS (http://finance.yahoo.com/q?s=eis))
iShares MSCI Turkey Investable Market Index Fund (TUR (http://finance.yahoo.com/q?s=tur))
SPDR S&P Emerging Middle East & Africa (GAF (http://finance.yahoo.com/q?s=gaf))
Claymore/BNY Mellon Frontier Markets ETF (FRN (http://finance.yahoo.com/q?s=frn))
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/346021685/van-eck-dives-into-the-gulf-with-new-etf.html)
http://www.etftrends.com/wp-content/uploads/2008/07/photo_lg_bahrain-300x245.jpgVan Eck is trekking out into frontier markets with the launch of their exchange traded fund (ETF).
Market Vector Gulf States (MES (http://finance.yahoo.com/q?s=mes)) gives easy access to the gulf states of Bahrain, Kuwait, Oman, Katar and United Arab Emirates.
The fund’s expense ratio is 0.50%, with total net expenses at 0.98%. The ETF tracks the Dow Jones GCC Titans 40 Index. The Gulf region has been on a run, thanks to high energy prices. The spending on infrastructure and urbanization is growing and sustainability will only be known in the future.
The top country weightings are: Kuwait, 52.3%; United Arab Emirates, 25.9% and Qatar, 14.9%. Banks are the most well-represented sector, with 38.5% of the holding. Financial services follow at 21.6%; real estate is 10.5%.
This fund comes on the heels of the WisdomTree Middle East Dividend Fund (GULF (http://finance.yahoo.com/q?s=gulf)), which shares a similar makeup. The top countries are Kuwait, 27.2%; United Arab Emirates, 16.9%; Qatar, 16.5%. Financials is the top sector, with 51.6%, while telecommunications comes next with 24.7% of the holdings.
The Middle East has been a hot place lately, for both temperature and ETF attention:
iShares MSCI Israel Capped Investable Market Index (EIS (http://finance.yahoo.com/q?s=eis))
iShares MSCI Turkey Investable Market Index Fund (TUR (http://finance.yahoo.com/q?s=tur))
SPDR S&P Emerging Middle East & Africa (GAF (http://finance.yahoo.com/q?s=gaf))
Claymore/BNY Mellon Frontier Markets ETF (FRN (http://finance.yahoo.com/q?s=frn))
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/346021685/van-eck-dives-into-the-gulf-with-new-etf.html)