DaveW

Comment Stream » EIS

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
  • Single Country Middle East & Africa ETFs and Closed-End Funds
    On another note, the author says, "Many Middle Eastern economies are dominated by oil. For exposure to the Middle East, it may therefore make sense to consider the oil ETFs."

    Interestingly, while the PowerShares DB OIl ETF (DBO) has gained ~11.5% over the last month, TRAMX has traded at ~$14/share, or ~ 0% gain. So, an investment in oil is just that, it does not acurately correlate with Middle Eastern equities markets as the author suggests.
    May 28 13:08 pm |Rating: 0 0 |Link to Comment |View article
  • Single Country Middle East & Africa ETFs and Closed-End Funds
    Currently there is very disappointing ETF representation of Middle East & African countries in the ETF product line-up. I wouldn't waste my time making these products fit your portfolio when a vastly superior mutual fund already exists: T. Rowe Price Africa & Middle East Fund (TRAMX).

    TRAMX Country Exposure:
    U.A.E. (United Arab Emirates) 24.6%
    Egypt 17.9%
    Qatar 16.6%
    Oman 12.9%
    South Africa 10.8%
    Jordan 4.5%
    Bahrain 3.2%
    Lebanon 2.7%
    Nigeria 0.5%

    I've been in this fund since early Oct. '07 and have been pleased to see my position go from $11 to $14.....a 27% gain through the current downturn. Check and compare charts and you'll see that even the on-fire iShares Brazil ETF (EWZ) has a 22% gain over the same period

    This is a long-term prospect so I don't feel having the flexibility of an ETF was worth staying away from this investment. Until there exists a comparable line-up of Middle East ETFs, TRAMX is the way to go.
    May 28 12:59 pm |Rating: 0 0 |Link to Comment |View article

DaveW is a Top 100 Commentor

  • 235 Comments, 75 , 26
  • Total Comment Stream rating - = 49