iShares Rolls Out Qatar, United Arab Emirates ETFs:
"First, Qatar was awarded soccer’s World Cup in 2022. Now the country and its neighbor, the United Arab Emirates (UAE), have stand-alone exchange-traded funds to call their own with this week’s launch of the iShares MSCI Qatar Capped ETF (QAT) and iShares MSCI UAE Capped ETF (UAE). These achievements in the worlds of football and funds indicate the Middle East is growing in stature beyond just oil.
On May 30th, both Qatar and the UAE will get promoted by the MSCI index folks being frontier markets to becoming full-fledged emerging markets. As of this year’s first quarter, the UAE and Qatar occupied the second- and third-largest country weights in the MSCI Frontier Markets index, at roughly 18 percent and 16 percent, respectively. Another Middle East nation, Kuwait, had the largest country weight.
As of May 1, both the UAE and Qatar accounted for roughly 18 percent of the iShares MSCI Frontier 100 ETF (FM). They will no longer be included in that fund after they officially become emerging markets.
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'via Blog this'
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