iShares MSCI UAE ETFiShares MSCI UAE ETFiShares MSCI UAE ETF

iShares MSCI UAE ETF

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Key stats


Assets under management (AUM)
‪44.28 M‬USD
Fund flows (1Y)
‪7.18 M‬USD
Dividend yield (indicated)
2.75%
Discount/Premium to NAV
1.2%

About iShares MSCI UAE ETF


Issuer
Blackrock Finance, Inc.
Brand
iShares
Expense ratio
0.59%
Home page
Inception date
Apr 29, 2014
Index tracked
MSCI All United Arab Emirates Capped
Management style
Passive
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


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 5, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Communications
Stocks99.81%
Finance59.60%
Communications14.65%
Transportation6.54%
Industrial Services5.54%
Energy Minerals4.47%
Consumer Services3.48%
Non-Energy Minerals1.44%
Process Industries1.11%
Utilities0.95%
Technology Services0.71%
Producer Manufacturing0.64%
Retail Trade0.64%
Commercial Services0.05%
Bonds, Cash & Other0.19%
Cash0.19%
Miscellaneous0.00%
Stock breakdown by region
100%
Middle East100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows