Middle East ETFs Could Pullback as BlackRock Reduces UAE Exposure
February 24, 2014 at 06:30 AM EST
After soaring since early 2013, frontier markets exchange traded funds and dedicated Middle East ETFs could face a near-term pullback on news that BlackRock (NYSE: BLK) has reduced its exposure to shares in the United Arab Emirates. BlackRock, the world’s largest asset manager, reduced its holdings...