Market Vectors - Gulf States Index ETF (MES)

MarketWatch  Mar 1  Comment 
The Market Vectors Gulf States Index ETF was off 3% in early U.S. trading Tuesday on news of rising violence in Iran and Libya amid anti-government protests. The regional exchange-traded fund is down 13% year to date. As of Dec. 31, the top index...  Jan 28  Comment 
MES (Market Vectors Gulf States ETF) is topical with North Africa in political turmoil. Rumors Friday that the Suez Canal is disrupted, troubles in Turkey and Syria shutting down the internet abound. Could this contagion spillover to the Gulf...


Market Vectors - Gulf States Index ETF (MES)


The Gulf States Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Dow Jones GCC Titans 40 IndexSM. The Index provides exposure to publicly traded companies that are headquartered in countries belonging to the Gulf Cooperation Council (GCC) or that generate the majority of their revenues in these countries. As such, the Fund is subject to the risks of investing in this region. [1]

Fund Information

  • Fund Manager - Van Eck Funds
  • Inception Date - 07/22/2008
  • Exchange – NYSE Arca
  • Index Ticker – MES
  • Intra-day NAV Ticker – MES.IV
  • Expense Ratio - 1.0%

Top Holdings

Holdings % of Portfolio
National Bank of Kuwait NBK KK 9.74%
Mobile Telecommunications Co KSC ZAIN KK 8.71%
Kuwait Finance House KFIN KK 8.08%
Emaar Properties PJSC EMAAR UH 6.51%
Qatar National Bank SAQ QNBK QD 5.69%
Public Warehousing Co KSC/The AGLTY KK 4.46%
Commercial Bank of Kuwait CBK KK 3.94%
National Bank of Abu Dhabi PJSC NBAD UH 3.49%
DP World Ltd DPW DU 3.30%
Aldar Properties PJSC ALDAR UH 3.03%

Holdings as of 13/11/2009


  1. - Overview of Market Vectors - Gulf States Index ETF (MES)
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