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.
For more information on the developing economies, visit our emerging markets category.
Tom Lydon’s clients own shares of VWO.