Saudi Arabia Fund Lures In Cash Before Key FTSE Ruling

Cash is pouring into an exchange-traded fund that tracks Saudi Arabian stocks as investors await index provider FTSE Russell’s decision Wednesday on whether to add the country to its emerging-markets category.

The iShares MSCI Saudi Arabia ETF, or KSA, has gathered around $132 million in assets, more than $95 million of which has come this year, according to Bloomberg data. Investors have placed some of their biggest bets this month, with almost $54 million flowing in to the fund over the past four weeks. The fund also has climbed more than 10.5 percent in March.