iShares MSCI Qatar ETF: Fairly Valued, Little Outperformance Potential (NASDAQ:QAT)

iShares MSCI Qatar ETT (NASDAQ:QAT) is an exchange-traded fund with exposure to listed companies based in Qatar. The expense ratio is 0.57%, which is quite expensive but about in line with other funds that invest in single countries with less developed equity markets.

The fund had just 32 holdings as of October 31, 2022, although this is about as many as some more traditional developed markets…