“Such a fund was not even possible until June, when Saudi Arabia opened up to direct foreign investment, albeit limited, in its stock market to boost economic growth while the country looks to diversify its $750 billion economy away from oil. Similar to the China A-share market, KSA gives quick access to a market that was previously accessible only by using indirect, costly channels. The ETF will track the MSCI Saudi Arabia IMI 25/50 Index, which holds about 50 large-, mid-, and small-cap stocks that cover approximately 99 percent of the free float-adjusted market value of Saudi Arabia. One interesting note is that the index has only 1.4 percent allocated to energy stocks.”
http://www.bloomberg.com/news/articles/2015-09-16/saudi-arabia-just-got-turned-into-an-etf
Tip Freedomwat.ch Staff with Bitcoin