Gulf States ETFs – All Eyes on Iran

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June 22, 2009 3:54pm ETF BASIC NEWS

Gulf States ETFs, which had been enjoying sustained rallies in recent months, paused last week as turmoil in Iran intensified and tremendous uncertainty looming over the entire region. While few ETFs on the market maintain any direct holdings in Iranian companies, the fallout over presidential elections held earlier this month threatens to destabilize the entire region, halting a rally that had seen these funds focused on other Gulf states cross into the black for the year.

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