The TRAMX charter includes both the Middle East and Africa; however, the fund is currently concentrated in the United Arab Emirates. The UAE is undergoing tremendous growth, and it's fledgling but rapidly growing commodities exchange (gold, oil) is a sign that the UAE is succeeding with it's plan to become a financial hub. The collapse of the dollar as the global reserve currency and fear of over regulation in U.S. markets are likely to drive more financial business to the UAE. However, please note that TRAMX has a high expense ratio, and therefore once lower cost and/or more targeted investment options for the UAE become available, I will re-evaluate my position in TRAMX.
$14.12 (06/04/08)
