KSA - KSA Benefits From Steps Towards Growing The Non-Oil Economy

2024-03-14 17:57:42 ET

Summary

• The iShares MSCI Saudi Arabia ETF is an ETF that tracks the performance of the Saudi Arabian stock market.
• The ETF is heavily swayed by the financial exposures, which are benefiting structurally from the Vision 2030 plan underway in Saudi Arabia.
• Importantly, income is stalling as cost of funds rise, and there are already quite a lot of expectations of a Fed rate cut priced into these exposures.
• It's an interesting ETF that follows a strategic and well-placed market, and there is a growing duration gap benefit, but it seems priced in and therefore not that interesting.
• Expense ratios are high as well on the ETF since it's quite exotic.

...

For further details see: