Dubai Poses Risks for ETF Investors

Funds with heavy exposure to emerging markets took sudden hits and then recovered as markets reacted to news about Dubai’s debt problems according to the WSJ’s John Spence.

The iShares MSCI Emerging Markets Index Fund (EEM) lost about 4% on the Friday after Thanksgiving on the news.  ETFs with significant exposure to the UAE include Market Vectors Gulf States Index ETF (MES) , PowerShares MENA Frontier Countries Portfolio (PMNA) and WisdomTree Middle East Dividend Fund (GULF).

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