Saudia Arabia’s sovereign wealth fund has invested $200m in the recently launched SPDR JP Morgan Saudi Arabia Aggregate Bond UCITS exchange traded fund.
The ETF, which listed in London and Frankfurt last month, aims to track the newly-created index JP Morgan Saudi Arabia Aggregate Index, developed in collaboration with SSGA, to provide investors with exposure to the performance of liquid, USD-denominated and Saudi Riyal-denominated government and quasi-government bonds, including Sukuks bonds.
The fund is the first Saudi Arabia fixed income undertaking for collective investment in transferable securities (UCITS) ETF in Europe.
Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at Saudi Arabia’s Public Investment Fund (PIF), said: “PIF continues to create opportunities, open gateways and enable access to Saudi Arabia’s diverse and dynamic capital…
