UAE ETF Surges Ahead of MSCI Upgrade
May 29, 2014 at 12:22 PM EDT
Shares of the newly minted iShares MSCI UAE Capped ETF (NasdaqGM: UAE) are soaring 4.5% on volume that is already more than six times the daily average ahead of the nation’s promotion to the MSCI Emerging Markets Index. Ahead of the emerging markets promotion, which was announced almost a year ago,...