As of February 25, 2014, PowerShares Exchange-Traded Fund Trust II - PowerShares MENA Frontier Countries Portfolio has gone out of business. PowerShares Exchange-Traded Fund Trust II - PowerShares MENA Frontier Countries Portfolio is an exchange traded fund launched and managed by Invesco PowerShares Capital Management LLC. It invests in the public equity markets of the Middle East or North African frontier countries which include Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar, and United Arab Emirates. The fund invests in stocks of companies across diversified sectors. It employs passive investment strategy to create its portfolio. The fund invests in the stocks of large cap companies. It seeks to replicate the performance of NASDAQ OMX Middle East North Africa Index by investing in the stocks of companies as per their weightings in the index. PowerShares Exchange-Traded Fund Trust II - PowerShares MENA Frontier Countries Portfolio was formed on July 7, 2008 and is domiciled in the United States.