ETFs focusing on Saudi equities debut in China
July 16, 2024--The move comes as the two countries look to deepen their financial ties |
AGIX tracks the Solactive Etna Two ETFs focused on Saudi Arabain equities debuted today in Shenzhen and Shanghai in China. The China Southern Asset Management CSOP Saudi Arabia ETF QDII is listed in Shenzhen, and the Hautai-Pinebridge CSOP Saudi Arabia ETF QDII is trading in Shanghai. According to Bloomberg, both the Shenzhen and Shanghai listings, which raised $87 million and $81.2 million respectively, traded close to their listing prices as of 10.20am local time, following their debut. |
ADX logs $506.4mln in ETF trading Jan-Aug 2024 August 30, 2024-The total value of ETF trading on the exchange reached AED1.863 billion in the first eight months of 2024 |
TCW expands global footprint with opening of Dubai office August 28, 2024-New location to focus on serving clients in the Middle East |
Saudi GDP growth set to turn positive in H2 2024 August 23, 2024-CreditSights maintains 'Outperform' call on the kingdom's sovereign bonds |