President Barack Obama is set to address the nation Wednesday night to further detail his plan to combat the terrorist activity in the Middle East. The goal will be to eliminate Islamic extremists, ISIS in particular.
Several of the ETFs that concentrate on the Middle East are trading at or near highs.
The Market Vectors Gulf States (ETF) (NYSE: MES) tracks the performance of the largest most liquid companies in the Gulf Cooperation Council (GCC); this includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
It consists of 57 holdings with the top three holdings accounting for 20 percent of the portfolio. They include Emaar Properties Pjsc with a 9 percent holding, National Bank Of Kuwait at 5.6 percent and Bankmuscat Saog at 5.1 percent.
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