PIF invests $4.7 bln in three US exchange traded funds

15/08/2020 Argaam

 

The Public Investment Fund (PIF) invested nearly $4.7 billion in three sector-specific exchange traded funds (ETFs), it said in a filing to the US Securities and Exchange Commission (SEC) on Friday. 

 

The Kingdom’s sovereign wealth fund bought a stake in the Utilities Select Sector SPDR Fund at a total value of $1.86 billion. It also acquired stakes worth $1.59 billion and $1.2 billion in the Real Estate Select Sector SPDR Fund and Materials Select Sector SPDR Fund, respectively.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.