MENA Frontier Countries Portfolio ETF (PMNA)

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Index Universe  Jul 9  Comment 
The new fund from PowerShares covers the Middle East and North Africa. Today PowerShares is scheduled to join Claymore on the frontier—frontier markets, that is—with the launch of the PowerShares MENA Frontier Countries Portfolio...




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MENA Frontier Countries Portfolio ETF (PMNA)

Overview

The PowerShares MENA Frontier Countries Portfolio (Fund) is based on the NASDAQ OMX Middle East North Africa Indexsm (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index seeks to provide direct exposure to liquid stocks of companies that have the majority of their assets or services residing in MENA frontier market countries, which include Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab Emirates (Index currently includes the emirates of Dubai and Abu Dhabi). [1]

Fund Information

  • Fund Manager - Invesco PowerShares.
  • Inception Date - 07/09/2008
  • Exchange – NASDAQ
  • Index Ticker – PMNA
  • Intra-day NAV Ticker – PMNA.IV
  • Expense Ratio - 0.95%

Top Holdings

Holdings % of Portfolio
Emaar Properties PJSC 10.53%
Arab Bank PLC 9.88%
Maroc Telecom 5.38%
DP World 5.37%
Mobile Telecommunications Co. (MTC) K.S.C. 5.35%
SOLIDERE GDR (Reg S Sh) 4.89%
Orascom Construction Industries S.A.E. 4.86%
Commercial International Bank (Egypt) S.A.E. 3.95%
Orascom Telecom Holding 3.72%
National Bank of Kuwait S.A.K. 3.05%


Holdings as of 16/11/2009

References

  1. - Overview of MENA Frontier Countries Portfolio ETF (PMNA)
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