About UAE ETF
The BlackRock UAE ETF (UAE) debuted in June 2016 and is the first and the only ETF to provide direct exposure to UAE equity. It provides vanilla coverage to a truly emerging market. Though it???s the Oil and gas sector that is a big part of the economy, it???s the banks that dominate the equity market.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
UAE has invested in Financials (38%), Real Estate (20%), Telecommunications (15%), Industrials (11%), and Healthcare (9%).
UAE has invested 100% of its assets in UAE.
The ETF tracks a market-cap-weighted index of large-, mid- and small-cap UAE companies.
It allows investors to targeted exposure to a country with growth potential. It provides access to the UAE stock market, which has historically been closed to foreign investors.
According to ETFdb.com, "For UAE and the region, this is a great opportunity to move into the limelight of international foreign investors, and to attract inflows."