VanEck Vectors Gulf States ETF (MES)
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- Barrons.com•2 months ago
The iShares MSCI Saudi Arabia exchange-traded fund (KSA) was up 1.7% this week through Wednesday, while the VanEck Vectors Gulf States Index ETF (MES) was down 0.3% and the WisdomTree Middle East Dividend Fund (GULF) was down 1%. The latter addresses the Saudi's negotiations leverage with U.S. government leaders, and notes that Saudi Arabia owns fewer U.S. government bonds than some thought: "As the result of a Bloomberg News Freedom of Information request, the U.S. Treasury Department on May 16 finally disclosed for the first time that Saudi holdings of U.S. treasuries amounted to $116.8 billion at the end of March—far less than expected—and only accounts to about 20 percent of the kingdom’s total $587 billion in foreign reserves." There is hope that Saudi Arabia could be included in MSCI's emerging market index next year, but Pakistan got there first this week.
- Business Wire•6 months ago
Van Eck Global today announced an initiative to unite its businesses and investment offerings under a single brand: “VanEck”. As part of this broad effort, the well-known Market Vectors exchange-traded products will adopt the VanEck name and be known as VanEck Vectors ETFs.