Invesco launches first Saudi Arabia ETF in Europe

Invesco has launched what it claims to be the first exchange-traded fund (ETF) in Europe to provide passive exposure to Saudi Arabia.

The Invesco MSCI Saudi Arabia Ucits ETF will track the performance of the MSCI Saudi Arabia 20/35 index – which comprises 22 large- and mid-cap stocks and accounts for around 85% of the free-float market capitalisation in Saudi Arabia.

Chris Mellor, Invesco’s head of Emea ETF equity and commodity product management, said that the fund was well placed to take advantages of ongoing liberalisation of Saudi Arabia’s economy, the Middle East’s largest.

“Saudi Arabia is in the early stages of an exciting transformation,” he said.

The US dollar-denominated ETF is available on the London Stock Exchange and has an annual ongoing charge 0.50%.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST