In Tuesday's
Wall Street Journal Fund Track column,
Daisy Maxey looks at how ETFs with holdings in the
United Arab Emirates have fared amid the credit woes faced by state-owned conglomerate
Dubai World.
On Monday, the
WisdomTree Middle East Dividend Fund, with
17.5 percent invested in the U.A.E. as of Friday last week, was down
6.4 percent;
PowerShares NENA Frontier Countries
Portfolio, which had 22.6 percent invested as of Friday, was down
2.1 percent on Monday.
Meanwhile, the broader-focused
SPDR Standard & Poor's
Emerging Markets and Africa was down 0.1 percent and the
Market
Vector Shares ETF was down about 5 percent.
On the mutual fund side of the fence, Maxey notes that
T. Rowe Price Africa & Middle East Fund, one of the worst-performers this year
among its emerging markets stock fund peers, had more than
5 percent of assets in Dubai and about 25 percent in the U.A.E. as of September 30. 
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