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MENA Frontier Countries Portfolio ETF (PMNA) |
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Wall Street Sector Selector
Mar 1
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In trading on Tuesday, the Barclays Short D Lvgd Inv S&P 500 TR ETN (NYSE:BXDD) is outperforming other ETFs, up about 16.60% on the day. Also up on the day are the(...)Read the rest of Tuesday, March 1st ETF Movers: (BXDD, VZZ, RTSA, IVO, TUR,...
MarketWatch
Feb 6
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While single-country funds inspire thoughts of how much money can be made jumping into frothy situations, their existence does not make them worthwhile investments.
Clusterstock
Jan 12
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Frustration over high unemployment and rising food prices has erupted in deadly riots in Tunisia, where clashes between youth protesters and security forces killed at least 23 people over the past week, according to UPI.
The violence was the...
Wall Street Sector Selector
Sep 16
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As investor confidence in developed markets has waned in recent months many have taken their dollars abroad in an attempt to buy into high growth emerging markets overseas. While a good(...)Read the rest of Why Frontier Market ETFs Are Not As...
Wall Street Sector Selector
Aug 10
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Frontier market ETFs have been gaining investor attention as many seek to diversify portfolios and gain exposure to nations and regions that are up and coming and for good reason.(...)Read the rest of Four Reasons To Look At Frontier Market ETFs...
Wall Street Sector Selector
Jun 23
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Frontier market ETFs have been gaining investor attention as many seek to diversify portfolios and gain exposure to nations and regions that are up and coming and for good reason(...)Read the rest of 3 Reasons To Consider Frontier Market ETFs...
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
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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
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