iShares MSCI UAE ETF (UAE) is an exchange-traded fund that seeks to track the investment results of the MSCI All UAE Capped Index, composed of large-, mid-, and small-cap UAE equities across diversified sectors including financials, real estate, telecommunications, energy, and utilities. The fund employs a representative sampling technique to invest primarily in publicly traded companies operating in the United Arab Emirates, with top holdings such as Emaar Properties (15.19%), First Abu Dhabi Bank (11.73%), and Emirates Telecom (9.57%); it offers investors exposure to growth and value stocks of varying market capitalizations without leverage. Launched on April 29, 2014, and domiciled in the United States, the ETF is managed by BlackRock Fund Advisors under iShares Trust and trades on the NASDAQ with an expense ratio of 0.60%.
The fund provides access to the UAE equity market for institutional and retail investors targeting emerging Middle East opportunities, with total net assets of approximately $136 million USD and availability in markets including the United States and Mexico.
Recent performance shows strong one-year total returns of 29.40% as of late 2025, driven by UAE market gains, though no major structural changes such as new product launches, acquisitions, partnerships, or index redefinitions have been reported for the ETF in the last 1-2 years; ongoing portfolio rebalancing reflects standard index tracking adjustments amid UAE economic diversification.