PowerShares MENA Frontier Countries Portfolio (PMNA) was launched today.
The fund is based on an index of the largest and most liquid securities of companies domiciled in Middle Eastern and North African countries that have smaller economies or less developed capital markets than traditional emerging markets. The Index currently includes securities domiciled in: Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab Emirates.
Claymore launched the Claymore/BNY Mellon Frontier Markets ETF (FRN) in June.