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.
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For further details see:
KSA Benefits From Steps Towards Growing The Non-Oil Economy