Saudi Arabia ETF Pops as Investors Wait on FTSE Decision

Related: ETF Investors May Want to Research Japan, Germany

The $115.1 million KSA holds 75 stocks. Nearly 71% of the ETF’s holdings are from the financial services and materials sectors.

“Inclusion by FTSE Russell could draw about $5 billion from passive investors starting next year, with twice that amount coming if MSCI follows suit, according to estimates by EFG-Hermes Holding. The announcement is expected after markets close in the U.S., and investors in the region estimate it will be positive for the Saudis,” according to Bloomberg.

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Tom Lydon’s clients own shares of VWO.