The PowerShares
MENA Frontier Countries Portfolio (PMNA),
an exchange-traded fund (ETF) that started trading on July 9, 2008,
holds stocks based in Bahrain, Egypt, Kuwait, Jordan, Lebanon, Morocco,
Oman, Qatar and the United Arab Emirates.
Currently PNMA's top sectors include financials, telecommunications,
industrials, and materials. Many of these stocks pay dividends.
The top five country breakdown is Egypt, Kuwait, Jordan, Morocco
and Qatar.
As of July 24, 2008 PMNA held 46 stocks. The top 10 holdings are
Arab Bank,
Emaar Properties,
Orascom
Construction Industries, Mobile
Telecommunications Company, Orascom
Telecom Holding, Banque
Marocaine du Commerce Exterieur (BMCE Bank), Maroc
Telecom, National
Industries Group Holdings, Qatar
National Bank and Kuwait
Finance House.
PMNA has an expense ratio of 0.95 percent.
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Updated August 15, 2008.
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