"This is not a misprint: On Thursday, the iShares MSCI Frontier 100 ETF (NYSE: FM ) rose almost 1.5 percent to hit a new all-time high on volume that was over 30 times the daily average.
The iShares MSCI Frontier 100 ETF was not the only frontier markets fund that was home to some unusual volume Thursday.
The WisdomTree Middle East Dividend Fund (NASDAQ: GULF ), a more concentrated regional play than FM, also hit a new 52-week high on volume that was nearly double the daily average. There was at least one obvious catalyst behind the volume spikes in FM and GULF: Stocks listed in Dubai raced to a 54-month high Thursday and the trickle-down effect to select ETFs was palpable."
'via Blog this'
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