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State Street Global Advisors has launched an exchange traded fund that will offer European investors access to Saudi Arabian government bonds.
The Ireland-domiciled SPDR JPMorgan Saudi Arabia Aggregate Bond Ucits ETF invests in liquid, dollar-denominated and Saudi riyal-denominated government and quasi-government debt, including sukuk bonds.
The US-based asset manager said the ETF was the first dedicated Saudi Arabia fixed-income Ucits ETF in Europe.
The vehicle tracks the JPMorgan Saudi Arabia Aggregate index, which JPMorgan developed “in close collaboration” with the asset management arm of financial services giant State Street.
This article was previously published by Ignites Europe, a title owned by the FT Group.
The ETF has been registered for sale across…
