Fri, Jun. 17, 4:47 PM
- SPDR MSCI ACWI IMI ETF (NYSEARCA:ACIM) - $0.352. 30-Day Sec yield of 2.34%.
- SPDR S&P BRIC 40 ETF (NYSEARCA:BIK) - $0.084. 30-Day Sec yield of 2.44%.
- SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) - $0.432. 30-Day Sec yield of 2.68%.
- SPDR MSCI EM Beyond BRIC ETF (NYSEARCA:EMBB) - $0.497. 30-Day Sec yield of 1.85%.
- SPDR MSCI EM 50 ETF (NYSEARCA:EMFT) - $0.185. 30-Day Sec yield of 2.18%.
- SPDR S&P Emerging Markets Small Cap ETF (NYSEARCA:EWX) - $0.140. 30-Day Sec yield of 2.02%.
- SPDR S&P Emerging Middle East & Africa ETF (NYSEARCA:GAF) - $0.155. 30-Day Sec yield of 2.26%.
- SPDR S&P Global Infrastructure ETF (NYSEARCA:GII) - $0.628. 30-Day Sec yield of 3.13%.
- Payable June 29; for shareholders of record June 21; ex-div June 17. 30-Day Sec yield as of 6/16/16.
Dec. 18, 2015, 4:47 PM
Sep. 18, 2015, 10:41 AM
- The iShares MSCI Saudi Arabia Capped ETF (KSA) is the first ETF with significant exposure to that country - an impossibility until June when Saudi Arabia opened up (limited) direct foreign investment in its stock market.
- The ETF will track the MSCI Saudi Arabia IMI 25/50 Index which holds about 50 large-, mid-, and small-cap stocks. Interestingly, the index has 30% allocated to both financials and materials, but just 1.4% to energy stocks - it makes sense considering the country's oil production is state-owned and not publicly traded.
- The next step for Saudi Arabia could be inclusion in the MSCI Emerging Markets Index - a possibility as soon as June 2017, according to the WSJ.
- Source: Bloomberg
- MENA ETFs: AFK, EZA, EGPT, EIS, GULF, NGE, GAF, MES, ISRA, ISL, UAE, QAT
Jun. 19, 2015, 2:20 PM
Feb. 3, 2015, 12:35 PM
- Among those cut is the SPDR Barclays Capital Aggregate Bond (NYSEARCA:LAG), which now charges 0.1% per year, down from 0.21%, and making it more competitive with AGG and BND.
- SSgA's (NYSE:STT) ten international ETFs - a group including IPD, IPW, and IPK - now have annual fees of 0.4% vs. 0.5% previously. The emerging markets ETFs' - including EDIV and GML - new expense ratios are 0.49%, down from 0.50-0.59% previously.
- Some of the fee reductions are more dramatic: The SPDR 1500 Value Tilt ETF (NYSEARCA:VLU) and the SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) are cut to 0.12% from 0.35%, and the SPDR Russell 2000 Low Volatility ETF (NYSEARCA:SMLV) is cut to 0.12% from 0.25%.
- Others with cuts: ITE, SST, TLO, ITR, LGLV, LWC, SCPB, IPE, MOYG, MOYV, SLY, SLYG, SLYV, SPYG, SPVV, JPP, JSC, MTK, GWX, IPF, IPN, PS, IPU, IRV, IRY, IST, BIK, EEMB, GAF, GMF, GML, GUR, IBND.
Dec. 19, 2014, 1:38 PM
May 1, 2014, 11:11 AM
- 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
Apr. 17, 2014, 1:19 PM
- The iShares MSCI UAE Capped ETF (UAE) and Qatar Capped ETF (QAT) were filed yesterday, a month before both countries will be reclassified from frontier markets to emerging by MSCI; the ETFs will track the equity markets of each.
- iShare also filed for the iSharesBond Dec 2016 Corporate Term ETF (IBDF), a fund which will track U.S. investment grade corporate bonds maturing at the end of 2016.
- Other ETFs focused on the Middle East: GULF, GAF, MES, PMNA
- Other Investment Grade U.S. Target Date ETFs: BSCE, BSCF, BSCH, BSCG, BSCI, IBCE, BSCK, IBCB, IBCC, IBDC, BSCJ, BSCM, IBDA, IBDB, IBCD, BSCL, IBDD
Feb. 19, 2014, 12:51 PM
- Invesco (IVZ) PowerShares announced that it will be shutting down 4 ETFs that had failed to gain traction in order to make way for new funds.
- The PowerShares KBW International Financial Portfolio (KBWX), MENA Frontier Countries Portfolio (PMNA), Dynamic MagniQuant Portfolio (PIQ) and Lux Nanotech Portfolio (PXN) will all close at the end of trading today.
- In totally these ETFs each had at least 3 years of trading, with PXN launching in 2005, but together had only $67 million in total assets.
- Related ETFs: PDP, QUAL, PWO, SIZE, IPF, IXG, AXFN, GAF
Jan. 15, 2014, 12:35 PM
- You could have made the same bear case against emerging markets 10 years ago and you would have missed a decade of outperformance, says Everest Capital chief Marko Dimitrijevic, rebutting Goldman's recommendation to cut holdings in the sector. "If you reduce or ignore emerging markets, you're going to miss on literally hundreds of companies that are great."
- Overall, Dimitrijevic overall return estimates are just slightly higher than Goldman's, but the real alpha is to be made in specific sectors - education in Brazil, infrastructure in Mexico, retail, cement, oil and gas in Colombia, and consumer plays in Saudi Arabia.
- Everest is most bullish on frontier markets, or, as Dimitrijevic calls them, "EM 2.0." "It's a secular opportunity that reminds us very much of what now-mainstream emerging markets were like 15 or 20 years ago."
- Everest had a big year in 2013, gaining 41.2%. Its dedicated Frontier fund rose 28.8%.
- Emerging market ETFs: EEM, VWO, DEM, EDC, DGS, EDZ, EEMV, EEB, SCHE, EDIV, IEMG, DVYE, BIK, EWX, EEV, BKF, PIE, CEW, ADRE, HILO, EUM, FNI, EET, GMM, PXH, EEMS, BBRC, EELV, FEMS, EEME, EMDD, BICK, EMCR, DBEM, FEM, EWEM, JEM, EVAL, EMLB, EMBB, EEHB, EGRW, TLTE, FNDE, EMSA, EMHD, EMDR, EMFT
- Frontier/MENA ETFs: FM, FRN, EMFM, AFK, GULF, GAF, MES, PMNA
Aug. 27, 2013, 11:07 AM
- ETFs focused on Middle East stocks are down across the board as the situation in Syria escalates. After John Kerry accused the regime of using chemical weapons on Monday, President Obama may begin laying the groundwork for strikes by releasing intelligence evidence to the public as soon as later today.
- Middle East: MES -2.9%, GULF -2%, GAF -1.6%
- Israel: EIS -3.3%, ISRA -2.4%, ISL -2.7%
- Turkey: TUR -5.7%
Apr. 11, 2012, 12:53 PMInvesting in frontier markets is about to get a bit easier as MSCI launches its Frontier Markets 100 index with BlackRock set to launch an ETF to track it. The index has 100 companies across 21 countries, and with 60% of the value coming from the Middle East. | Apr. 11, 2012, 12:53 PM
Feb. 24, 2012, 1:30 PMJohn Burbank (video) of Passport Capital has put 15% of his $4B fund into Saudi Arabia which should benefit from a bigger opening of the market to foreigners (of which only 1% of the market is owned). Also helping, of course, is easy central bank money around the globe which should continue juicing oil. GAF +13.8% YTD. | Feb. 24, 2012, 1:30 PM
Nov. 28, 2011, 12:46 PM
While competitors are cutting back, Goldman Sachs (GS) is broadening its MENA equity research, initiating coverage on 80 new stocks, bringing the total to 121. Goldman's key theme is rising oil prices and the bank is looking at not only resource firms, but other beneficiaries like infrastructure and consumer spending.| Nov. 28, 2011, 12:46 PM
Oct. 14, 2011, 12:30 PM
The consultancy group Geopoliticy says the price tag for rebellion in the Middle East is pretty steep. Crunching data from the IMF, the group finds (.pdf) the Arab Spring cost the region more than $50B in short-term losses with an economic tally that doesn't account for losses to human life, infrastructure, or investment losses. Revenue gainers in the region were the oil-exporting nations that saw limited domestic trouble - UAE, Kuwait, and Saudi Arabia.| Oct. 14, 2011, 12:30 PM | 2 Comments
May 26, 2011, 9:59 AM