Invesco PowerShares MENA Frontier Countries ETF

Invesco launched a focused MENA ETF in July 2008. This emerging markets etf is based on the newly established NASDAQ OMX Middle East North Africa Index(SM). The MENA Frontier countries ETF primarily invests in the following countries: Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab Emirates for the "ME" or Middle East part, and in Egypt and Morocco for the "NA" or North Africa part.

At launch, the MENA Frontier countries powershares etf exchange traded fund top three country holdings were Egypt, Kuwait, and Jordan with weightings of 20.68%, 15.66%, and 14.14% respectively. This MENA ETF will trade on NASDAQ under symbol "PMNA". It's expense ratio is 0.95%.

The PowerShares ETF, PMNA, will invest in P-notes, or participation notes. P-notes are issued by investment banks or broker-dealers and are promissory notes that are designed to offer a return linked to, or mimics, the performance of a particular underlying equity security or market. This is due to the fact that many stock markets in the Middle East and North Africa restrict foreign stock ownership.

Mena ETF - Invesco PowerShares MENA Frontier Countries ETF - MENA ETF Resources

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