The move by the Saudis could also open up the market to additional pricing benchmarks. All that will decide the outcome is the costs associated with the different areas of the world.
Hyland also thinks that ETFs will be become less U.S.-centric and move toward emerging countries, such as China and India. The new ETF products will be assembled and weighed to cater to demand in these other countries.
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Max Chen contributed to this article.