HSBC launches Saudi Arabia ETF on London Stock Exchange

The new HSBC ETF enable investors to participate in the performance of the MSCI Saudi Arabia 20/35 Capped index.

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This fund launch coincides with the inclusion of Saudi Arabia into MSCIs Emerging Markets index.

HSBCs ETF will give investors easy and cost efficient access to invest in Saudi Arabia.

Saudi Arabia has prioritised the opening of its capital markets to foreign investment – which is currently under represented by international investors. With the Saudi Vision 2030, investors will benefit from the opportunities produced from reform in diversifying its economy.

Carmen Gonzalez-Calatayud, Director, Senior Product Specialist Beta Strategies, HSBC Global Asset Management, said: 

Our latest ETF, will provide investors with exposure to one of the fastest growing and largest markets in the gulf region.

Investors will benefit from the current programme of social and economic reforms which are intended to diversify the economy away from its heavy reliance on oil and government funding – to reform the country as an international capital markets hub.

The launch of this new strategy means investors can easily add to existing allocations, without the need to reallocate assets.

Source: ETFWorld

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