Two Emerging Markets Don’t Reach Next Level
In June of each year, MSCI performs an annual review to declare whether any country up for evaluation will be reclassified to a different market level. MSCI also communicates whether any new countries will be reviewed for the upcoming year. According to the press release, this year’s market classification review had no changes from the previous [...]
Abu Dhabi Exchange to Bring ETF Awareness with October Conference
The Abu Dhabi Securities Exchange (ADX) has set a two-day conference in October, devoted solely to ETFs and how they can benefit the United Arab Emirates (UAE) financial markets. According to CPI Financial, the conference will take place on October 19th and 20th and will be followed by two days of workshops. The chief executive [...]
Van Eck Unveils ETF to Track New Dow Jones Gulf Index
The newly introduced Dow Jones GCC Titans 40 Index now has a Van Eck ETF to track its performance. The ETF, known as Market Vectors-Gulf States Index ETF (MES), is designed to follow the Gulf Cooperation Council member states, according to Business Wire. MES is set to trade on the NYSE Arca exchange and is [...]
New ETF from WisdomTree Captures Middle Eastern Markets
Investors now have a vehicle to track the performance of the Middle East region. WisdomTree has just debuted its newest ETF on the Nasdaq Stock Market, known as WisdomTree Middle East Dividend Fund (GULF). Business Wire reports that GULF will provide exposure to about 70 dividend-paying companies located in Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, [...]
Van Eck Developing ETF to Track New Dow Jones Gulf Index
The Dow Jones GCC Titans 40 Index has now been introduced, and Van Eck Global will issue the first ETF to follow the Gulf Cooperation Council member states. Market Watch reports that the new index is made up of 40 components that trade in five out of the six GCC member states of Bahrain, Kuwait, [...]
New Frontier Market ETF from Claymore Has Expanded to 17 Countries
On June 12, 2008, Claymore Securities and The Bank of New York Mellon pioneered the only U.S.-listed frontier market ETF, known as Claymore/BNY Mellon Frontier Markets ETF (FRN). Two weeks after the launch of FRN, Claymore has announced a change to the underlying index meant to rebalance the markets. As a result of the change, [...]
MSCI To Make Country Market Reclassifications within the Year
By June of 2009, a handful of countries could have a new MSCI market classification. MSCI Barra has begun discussions on the potential upgrade of South Korea and Israel. Polya Lesova of Market Watch writes that the two countries, currently listed as emerging markets, may be raised to developed market status. South Korea’s currency convertibility [...]
