Saudi Arabia Just Got Turned Into an ETF
Now that you can have instant exposure to Middle Eastern stocks, the question is: Do you want it?
You can buy this (Riyadh, Saudi Arabia) now.
Photographer: Waseem Obaidi/BloombergThis article is for subscribers only.
Like a game of Risk, the entire world is slowly but surely getting wrapped up by U.S. exchange-traded fund issuers.
The IShares MSCI Saudi Arabia Capped ETF (KSA), which is expected to launch on Thursday, will provide U.S. investors access to a basket of locally listed Saudi stocks. No other U.S. ETF or mutual fund has any significant exposure to Saudi Arabia, which makes this one of the most anticipated new ETF launches of the year.