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SPDR S&P Emerging Middle East & Africa ETF (GAF)

- NYSEARCA
  • Tue, Feb. 3, 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.
    | Comment!
  • Dec. 19, 2014, 1:38 PM
    • SPDR S&P Emerging Middle East & Africa (NYSEARCA:GAF) announces semi-annual distribution of $1.315.
    • 30-Day Sec yield of 2.01% (as of 12/17/2014).
    • Payable Jan 2; for shareholders of record Dec 23; ex-div Dec 19.
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  • 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
    | Comment!
  • 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
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  • 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
    | Comment!
  • 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
    | Comment!
  • 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%
    | Comment!
  • Apr. 11, 2012, 12:53 PM
    Investing 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.
    | Comment!
  • Feb. 24, 2012, 1:30 PM
    John 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.
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  • 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.
    | Comment!
  • 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.
    | 2 Comments
  • May. 26, 2011, 9:59 AM
    Moody's downgrades Bahrain's credit rating to Baa1 from A3, citing political risk and weak government finances if oil stays below $100/barrel. An important Middle East financial center, Bahrain's banking assets dwarf its GDP.
    | Comment!
  • Apr. 19, 2011, 4:37 PM
    The governing committee in Misrata confirms it has made an official request for foreign troops on the ground to stop Gaddafi forces from killing civilians. NATO and the U.N. have yet to respond. The U.K. is sending military advisers into Libya, but on an unrelated mission.
    | 2 Comments
  • Apr. 19, 2011, 9:59 AM
    Following weeks of protests, Syria lifts its emergency law. The law, in place for nearly 5 decades, effectively suspended constitutional protections for citizens.
    | 4 Comments
  • Apr. 19, 2011, 8:58 AM
    The protests and security force crackdowns continue in Syria, where 20K in Hams were fired at during an overnight sit-in. A government statement saying the demonstrations are the work of Salafist organizations, i.e. al-Qaeda, seemingly gives the green light for an even bloodier crackdown.
    | 1 Comment
  • Apr. 14, 2011, 11:05 AM
    Having made Libya its problem, NATO is warned by opposition groups that a massacre will occur in Misrata if air attacks against Gaddafi forces are not stepped up. Other than France and the U.K., NATO appears to have lost interest.
    | 11 Comments
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GAF Description
The SPDR® S&P® Emerging Middle East & Africa ETF, before expenses, seeks to closely match the returns and characteristics of the total return performance of the S&P Mid-East and Africa BMI Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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