iShares launches 2 Middle East funds today

|About: iShares MSCI UAE Capped... (UAE)|By:, SA News Editor

The iShares MSCI UAE Capped ETF (UAE) and Qatar Capped ETF (QAT) were filed two weeks ago and will launch before both countries will be reclassified from frontier markets to emerging by MSCI.

Baer Pettit, Managing Director and Global Head of the MSCI Index Business, said: “MSCI’s reclassification of these countries and inclusion into our flagship Emerging Market Index reflects the broader global opportunity set available to international institutional investors today.”

Each ETF will track the equity market of their namesake country, offering a broad exposure to the, soon to be upgraded, frontier economies; both will feature an expense ration of 0.61%.

Other ETFs focused on the Middle East: GULF, GAF, MES, PMNA