Key stats
About iShares MSCI UAE ETF
Expense ratio
0.59%
Home page
Inception date
Apr 29, 2014
UAE offers vanilla coverage to a truly emerging market. The United Arab Emirates has progressed from frontier market status to emerging market status in the eyes of indexing-giant MSCI, and iShares wasted little time in bringing UAE to market. UAEs basket, while market-like, is nonetheless concentrated in a handful of stocks. The fund tracks a capped version of the benchmark index, which is a free float-adjusted, market capitalization-weighted index with a capping methodology applied such that individual components do not exceed more than 25% of the Underlying Index weight, and those with a weight more than 5% do not cumulatively exceed 50% of the underlying index weight. This places an upper bound on concentration. All in all, UAE offers exposure to a hard-to-access corner of the equity market.
Classification
What's in the fund
Exposure type
Finance
Communications
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.