PIF Anchors ETF to Draw European Money Into Saudi Equities

PIF anchors ETF to draw European money into Saudi equities

Saudi Arabia’s Public Investment Fund (PIF) has anchored an exchange-traded fund (ETF) that enables European investors to access the Saudi stock market.  The ETF was co-launched with the US-based State Street Investment Management and is primarily listed on the Xetra trading venue operated by the Frankfurt Stock Exchange and is cross-listed on the London Stock Exchange. Residents of Austria, Denmark, Finland, France, Germany, Ireland, Italy, Lux…

PIF anchors State Street’s newly launched Saudi equity ETF, further expanding international access to investment opportunities within Saudi Arabia

PIF and State Street Investment Management (State Street IM), one of the world’s largest asset managers, today announced the launch of the State Street Saudi Arabia Enhanced Active...

State Street launches Saudi Arabia active equity ETF with $100m PIF backing

State Street Investment Management has launched the Saudi Arabia Enhanced Active Equity UCITS ETF, giving European investors a first active ETF route into Saudi equities. The Saudi state’s Public Investment Fund (PIF) has provided a $100m anchor investment. The launch extends the partnership between the two groups after PIF’s $200m seed investment in State Street’s […]