Both ETFs are up more than 3% since coming to market. As is often the case with single-country emerging markets ETFs, QAT and UAE are heavy on the financial services sector with weights of 55.5% and 69.5%, respectively.
In the case of QAT, that may not be such a bad thing because Qatari banks are viewed as among the strongest in the Gulf Cooperation Council. [An ETF for Qatari Banks]
iShares MSCI UAE Capped ETF Sector Weights
Chart Courtesy: iShares
Tom Lydon’s clients own shares of EEM.