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Description:The PowerShares MENA Frontier Countries Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the index called the NASDAQ OMX Middle East North Africa Index (the "Underlying Index"). Frontier countries are countries that have smaller economies or less developed capital markets than traditional emerging markets. Middle East and North African frontier countries currently include Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. The countries that comprise Middle East and North African frontier countries may change from time to time, but the countries will continue to be domiciled in or principally traded in the Middle East or North African region. The Underlying Index is designed to measure the performance of the largest and most liquid securities of companies domiciled in a frontier country in the MENA region. The Fund will normally invest at least 80% of its total assets in securities that comprise the Underlying Index and ADRs and GDRs based on the securities in the Underlying Index.
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| Top Holdings | ||
|---|---|---|
| EMAAR | Emaar Properties Pjsc | 8.3% |
| QNBK | Qatar National Bank | 7.95% |
| NBK | National Bank Of Kuwait (Pn) | 7.91% |
| NBAD | National Bank Of Abu Dhabi | 7.86% |
| ARBK | Arab Bank | 7.85% |
| MARK | Remark Media Inc | 4.12% |
| COMI | Commercial Intl Bank | 3.74% |
| BKMB | Bank Muscat Saog | 3.74% |
| KFIN | Kuwait Finance House (Pn) | 3.18% |
| ADH | Douja Prom Addoha | 2.82% |
| ADI | Analog Devices | 3.92% |
| QIBK | Qatar Islamic Bank | 2.78% |
| ALDAR | Aldar Properties Pjsc | 1.98% |
| BRES | Barwa Real Estate Co | 1.89% |
Data is provided by Zacks Investment Research
