ThinkClearly

New Middle East Oil Kingpins ETF: More Concentrated, Slightly Pricier

Regarding the Article
The article misses the most important fact. GCC companies may grow at 0% or they may grow at 20%. However the bigger picture is if some of these countries de-link from the dollar to fight inflation their currencies will appreciate and the price of oil will go up in dollar terms (at least thats my humble opinion). I would be interested in a discussion if this would impact the ETF in USD terms more than the actual performance of the companies.

Regarding the comments:
This is an investment site. However even if this was about morality the comments are show some serious ignorance. The companies in the ETF are doing well without the war - the war is just increased revenue supporting US military operations. Most importantly from a moral perspective all the GCC countries were against the war except Kuwait which was recently attacked by Iraq. The typical GCC company is in real estate, tourism, financial services, logistics and field services. The big culprits, if people want to invest with some morals are companies that help Saudi Arabia with oil or help manage oil in Iraq - these are almost all US companies - many based in Texas. And lets remember US citizens overwhelmingly wanted to go war - not the GCC countries. What kind of logic is not to invest in the most economic liberal, transparent countries, with a semblance of proper accounting (and which have produced ZERO terrorists) when our government gives thousands of times more money to Saudi Arabia than this minuscule ETF? Saudi Arabia is the home of 9-11!1 If you are concerned about money going to the wrong place write your senator. I have six times. Money invested in markets is always more transparent that other channels.