HSBC Global Asset Management (HSBC GAM) has launched the HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF on the London Stock Exchange (LSE).
The ETF has been designed to replicate the performance of MSCI Saudi Arabia 20/35 Capped index by tracking Saudi Arabian shares that are included in the MSCI Emerging Markets Index. The new UCITS ETF allows for a more cost-efficient way to invest through the Qualified Foreign Investor (QFI) programme. HSBC GAM has a team of more than 25 professionals currently based in Riyadh to cover the Saudi market. Since MSCI's decision to include the Kingdom in its Emerging Markets Index - with a two-step process taking place in May and August 2019 - there has been a growing demand for Saudi A...
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