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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.
     

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    • 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

  • Fundamentals
    as of 03/31/14

    • Weighted Average Market Cap

      $11.2B
    • Price/Earnings Ratio
      (LTM: Last 12 Months)*

      15.54
    • Price/Book Ratio
      (LTM: Last 12 Months)*

      1.78
    *A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.
  • Market Capitalization (%)
    as of 03/31/14

    • Capitalization

      % of Net
      Assets ($)
    • Large (>$5.0B)

      66.6%
    • Mid ($1.0 - $5.0B)

      32.2%
    • Small (<$1.0B)

      2.4%
    This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.
  • 3-YR Risk Measures
    as of 03/31/14

    • Beta vs. S&P 500 Index

      0.56
    • Correlation vs. S&P 500 Index

      0.59
    • Volatility (Standard Deviation)

      11.72
    • Sharpe Ratio

      1.31

    Source: Van Eck Global, FactSet.

    Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation.

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • UAE

      37.4
    • QATAR

      25.0
    • Kuwait

      24.6
    • OMAN

      8.0
    • SOUTH KOREA

      2.7
    • U.S.

      2.2
    • UNITED KINGDOM

      1.5
    • Other

      -1.3
    • Total

      100.1
  • Portfolio Composition (%)
    as of 04/17/14

    • % of Net Assets

    • Stocks

      99.99
    • Bonds

      0.11
    • Other

      0.00
    • Cash

      -0.10
    • Total

      100.00
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financials

      63.6
    • Industrials

      16.4
    • Telecommunication Services

      12.4
    • Energy

      6.9
    • Utilities

      1.2
    • Materials

      0.8
    • Other

      -1.3
    • Total

      100.0
  • Currency Exposure (%)
    as of 03/31/14

    • UAE Dirham

      34.05
    • Qatari Riyal

      25.12
    • Kuwaiti Dinar

      24.57
    • Omani Rial

      9.30
    • U.S. Dollar

      5.22
    • South Korean Won

      2.73
    • British Pound

      0.30
    • Other

      -1.29