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New Gulf Countries ETF
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ozzage
Posts: 518 Forumite
iShares have just launched a new regional ETF onto the LSE.
http://uk.ishares.com/fund/fund_overview.do?fundId=200134
Based on the MSCI GCC index (http://www.msci.com/gcc/overview.html) except Saudi Arabia. This results in it being basically 90% in Kuwait, UAE and Qatar, and it's 80% in financials and telcos.
With a TER of 0.80% it's not the cheapest ETF around but might be interesting if somebody feels the need to diversify into that area.
Factsheet here: http://uk.ishares.com/content/stream.jsp?url=/publish/repository/documents/en/downloads/factsheet_msci_gcc_countries_ex_saudi_en.pdf
http://uk.ishares.com/fund/fund_overview.do?fundId=200134
Based on the MSCI GCC index (http://www.msci.com/gcc/overview.html) except Saudi Arabia. This results in it being basically 90% in Kuwait, UAE and Qatar, and it's 80% in financials and telcos.
With a TER of 0.80% it's not the cheapest ETF around but might be interesting if somebody feels the need to diversify into that area.
Factsheet here: http://uk.ishares.com/content/stream.jsp?url=/publish/repository/documents/en/downloads/factsheet_msci_gcc_countries_ex_saudi_en.pdf
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