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New Saudi Arabia ETF Emerges

  • Frankin Templeton files for 2nd Saudi ETF after BlackRock’s
  • Similar fund, KSA, has seen 1,700% growth in assets this year
Riyadh, Saudi Arabia.

Riyadh, Saudi Arabia.

Photographer: Simon Dawson/Bloomberg
Updated on

Saudi Arabia’s addition to indexer MSCI Inc.’s group of emerging markets starting in June 2019 is expected to lure $40 billion in foreign investment to country. Now, U.S. investment firms are looking to get in on the action.

Franklin Templeton Investments, a long-time active asset manager, is seeking approval for a Saudi Arabia ETF, according to a filing with the U.S. Securities and Exchange Commission on Friday.