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NEW YORK, NEW YORK - DECEMBER 10: State Street Global Advisors unveiled Fearless Girl in her new home outside the New York Stock Exchange on December 10, 2018 in New York City. Monica Schipper/Getty Images for State Street Global Advisors/AFP (Photo by Monica Schipper / GETTY IMAGES NORTH AMERICA / Getty Images via AFP).
State Street Global Advisors has launched a UCITS ETF for European investors looking for exposure to the Saudi bond market.
The SPDR JP Morgan Saudi Arabia Aggregate Bond UCITS ETF (KSAB) will be listed on London Stock Exchange (LSE) and Deutsche Borse’s Xetra in Germany.
The new fund aims to track the new JP Morgan Saudi Arabia Aggregate Index to provide exposure to the performance of liquid, USD-denominated and SAR-denominated government and quasi-government bonds, including sukuks.
(Writing by Imogen Lillywhite; editing by Brinda Darasha)
