Notable ETF Movers *Special Dubai World Edition* 11/27: UUP Higher; GAF, EEM, FXI, XLF Lower
HIGHER
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) 1.23% higher to $22.30. Investors are fleeing riskier European and Asian investments having a greater exposure to Dubai, though not as large as initially believed.
- SPDR S&P Emerging Middle East & Africa (NYSE: GAF) down 4.54% to $59.71. As the leading Middle East ETF, a hit is being taken on the heels of Dubai World’s debt deferment announcement.
- iShares MSCI Emerging Markets Index (NYSE: EEM) down 3.98% to $40.10. Again, shares are being shaken up by Dubai World.
- iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 4.25% to $43.24. Investors are selling-off on the fallout of Dubai debt issues.
- Financial Select Sector SPDR (NYSE: XLF) down 1.70% to $14.42. The financial sector is taking a big hit after questions of Dubai investments are raised.
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