Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

Gulf States Index ETF MES

  • Full Name: Market Vectors®
    Gulf States Index ETF (MES)

    Management Style: Replication

    Underlying Index: Market Vectors® GDP GCC Index (MVMESTR)

    Index Description: MVMESTR tracks the performance of the largest and most liquid companies in the Gulf Cooperation Council (GCC) region which includes the following countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The weighting of a country in the index is determined by the size of its gross domestic product.
     

  •  
     

    • Fund Ticker

      MES
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVMESTR
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $29.6M
    • Shares Outstanding

      900,000
    • Number of Holdings

      56
    • Commencement Date

      07/22/2008
  •  
    as of 04/17/14

  • Index Key Points

    Underlying Index: Market Vectors® GDP GCC Index (MVMESTR)

    The Index comprises: 

    A diversified group of 53 companies; market participant gains direct or indirect exposure to the investable GCC

    Companies eligible for inclusion in Index: 

    • Headquartered, generating majority of revenues, or holding a majority of assets, in countries belonging to the GCC
    • Market cap exceeding $150 million
    • Three-month average daily turnover greater than $1 million
    • Traded on recognized domestic or international stock exchanges

    Index provider: 

     Market Vectors Index Solutions 

  • Index Profile

    • Ticker

      MVMESTR
    • Inception Date

      05/15/2012
    • Rebalance Frequency

      Quarterly
  • Download All Index Constituents Index Top 10 Constituents (%) as of 03/31/14

    Total Constituents: 52
    Constituent Name
    Ticker
    Weightings (%)
    Emaar Properties Pjsc
    EMAAR UH
    8.59
    National Bank Of Kuwait
    NBK KK
    6.66
    Kuwait Finance House
    KFIN KK
    4.76
    Mobile Telecommunications Co
    ZAIN KK
    4.68
    Abu Dhabi Commercial Bank
    ADCB UH
    4.63
    National Bank Of Abu Dhabi
    NBAD UH
    4.46
    First Gulf Bank
    FGB UH
    4.30
    Bank Muscat Saog
    BKMB OM
    4.29
    Qatar National Bank
    QNBK QD
    4.04
    Masraf Al Rayan
    MARK QD
    3.79
    Top 10 Total (%) 50.20
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 03/31/14

    • Country

      Weightings (%)
    • UAE

      36.6
    • QATAR

      24.8
    • KUWAIT

      23.5
    • OMAN

      8.9
    • SOUTH KOREA

      2.6
    • U.S.

      2.2
    • Kuwait

      1.5
    • Total

      100.1
  • Index Sector Weightings (%)
    as of 03/31/14

    • Sector

      Weightings (%)
    • Financials

      62.9
    • Industrials

      16.0
    • Telecommunication Services

      12.3
    • Energy

      6.8
    • Utilities

      1.2
    • Materials

      0.8
    • Total

      100.0