Saudi Arabia has steps to take before its presence is felt in ETFs that benchmark to MSCI indices. The index provider currently does not classify Saudi Arabia as an emerging or frontier market, however it is a member of the MSCI GCC Countries Index, according to MSCI.
That means MSCI would need to create an MSCI Saudi Arabia Index before the country can even be considered for entry into well-known indices such as the MSCI Emerging Markets Index or the MSCI Frontier 100 Index. [What Saudi Arabia Could Mean to Frontier ETFs]
iShares MSCI Frontier 100 ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EEM.