Invesco launches first Saudi ETF in Europe

18/06/2018 Argaam

 

Invesco, a US investment management company, has launched the first exchange traded fund (ETF) offering investors in Europe exposure to Saudi Arabia, Financial Times reported on Monday.

 

The Invesco MSCI Saudi Arabia UCITS ETF, which will be available on the London Stock Exchange, tracks the MSCI Saudi Arabia 20/35 index, which includes 22 companies and equates to around 85 per cent of the free float market in the Kingdom.

 

MSCI will announce its decision to upgrade Saudi Stock Exchange (Tadawul) to "Emerging Market" status on June 20.

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