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About iShares MSCI UAE ETF
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Inception date
Apr 29, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
UAE offers vanilla coverage to a truly emerging market. The United Arab Emirates has progressed from frontier market status to emerging market status in the eyes of indexing-giant MSCI, and iShares wasted little time in bringing UAE to market. UAEs basket, while market-like, is nonetheless concentrated in a handful of stocks. The fund tracks a capped version of the benchmark index, which is a free float-adjusted, market capitalization-weighted index with a capping methodology applied such that individual components do not exceed more than 25% of the Underlying Index weight, and those with a weight more than 5% do not cumulatively exceed 50% of the underlying index weight. This places an upper bound on concentration. All in all, UAE offers exposure to a hard-to-access corner of the equity market.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.81%
Finance59.75%
Communications9.76%
Transportation5.76%
Consumer Services4.74%
Industrial Services4.39%
Energy Minerals4.26%
Utilities3.29%
Retail Trade3.02%
Consumer Durables1.61%
Non-Energy Minerals1.35%
Technology Services0.72%
Producer Manufacturing0.56%
Process Industries0.54%
Commercial Services0.08%
Bonds, Cash & Other0.19%
Cash0.19%
Miscellaneous0.00%
Stock breakdown by region
Middle East100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
UAE invests in stocks. The fund's major sectors are Finance, with 59.75% stocks, and Communications, with 9.76% of the basket. The assets are mostly located in the Middle East region.
UAE top holdings are Emaar Properties (P.J.S.C) and First Abu Dhabi Bank P.J.S.C., occupying 14.76% and 11.84% of the portfolio correspondingly.
UAE last dividends amounted to 0.02 USD. Six months before that, the issuer paid 0.53 USD in dividends, which shows a 2.71 K% decrease.
UAE assets under management is 136.63 M USD. It's risen 26.41% over the last month.
UAE fund flows account for 78.20 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, UAE pays dividends to its holders with the dividend yield of 2.26%. The last dividend (Dec 20, 2024) amounted to 0.02 USD. The dividends are paid semi-annually.
UAE shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Apr 29, 2014, and its management style is Passive.
UAE expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
UAE follows the MSCI All United Arab Emirates Capped. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UAE invests in stocks.
UAE price has risen by 1.94% over the last month, and its yearly performance shows a 35.98% increase. See more dynamics on UAE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.37% over the last month, showed a 8.99% increase in three-month performance and has increased by 40.17% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.37% over the last month, showed a 8.99% increase in three-month performance and has increased by 40.17% in a year.
UAE trades at a premium (0.35%) meaning the ETF is trading at a higher price than the calculated NAV.