FM has been bolstered by soaring Middle East markets this year. Stocks in Kuwait, Qatar and UAE have been strong performers, a good thing for FM as the trio combine for over 59% of the ETF’s weight. Investors with a long-term view of the potential offered by frontier markets should consider that next May when Qatar and UAE are promoted to the MSCI Emerging Markets Index, Kuwait and Nigeria will be about half the ETF’s weight. Morocco, Pakistan and Kenya will also be top-five country weights in the fund after Qatar and UAE leave.
iShares MSCI Frontier 100 ETF
ETF Trends editorial team contributed to this post.