Saudi ETF (159329) officially landed on the Shenzhen Stock Exchange for trading today. As one of the first ETFs focusing on investing in the Middle East market in China, the listing of Saudi ETF (159329) signifies that the channel for domestic investors to directly invest in the Saudi market is now fully open.
Saudi ETF tracks the FTSE Saudi Arabia Index, which focuses on national economic pillars such as finance, energy, raw materials, utilities, and communications. It fully portrays Saudi Arabia's overall economic structure and growth opportunities, providing investors with a powerful tool to share Saudi Arabia's comprehensive development opportunities.
The long-term performance of the FTSE Saudi Arabia Index is impressive. As of July 11, 2024, the index has accumulated a cumulative increase of 31.72% since 2021, significantly outperforming the FTSE Emerging Markets Index.
Tianfeng Securities' research report points out that the core investment value of the Saudi Arabia stock index lies in its rarity among global stock indexes, which is a combination of "physical asset country + developing country + stable exchange rate fluctuations" beta.