两只基金的标的指数是富时沙特阿拉伯指数，由富时国际有限公司编制并发布，是代表富时全球指数中具有沙特阿拉伯国籍大型及中型上市公司的表现的市值加权指数。The two Saudi ETFs that track the FTSE Saudi Arabia Index, listed today, opened high and went up. Saudi ETF (159329.SZ) and N Saudi ETF (520830.SH) both hit the limit in the afternoon.
The Zhitong Finance APP learned that the two Saudi ETFs, which track the FTSE Saudi Arabia Index, listed today, opened high and continued to rise. The two Saudi ETFs are among the first funds in the domestic market that can invest in the Saudi Arabia market. They mainly use the form of ETF interconnection to track the FTSE Saudi Arabia Index.
The prospectus shows that the underlying ETFs of the two funds are managed by Southern East England Asset Management Co., Ltd. The Southern East English Saudi Arabia ETF is listed and traded on the Hong Kong Stock Exchange. The investment proportion of the underlying ETF is not less than 90% of the net value of the fund's assets.
The underlying index of the two funds is the FTSE Saudi Arabia Index, which is compiled and published by FTSE International Limited. It is a market capitalization-weighted index that represents the performance of large and medium-sized listed companies in Saudi Arabia with Saudi Arabian nationality in the FTSE Global Index series.
According to the information, the heaviest component of the index's constituents is finance, followed by raw materials, energy, utilities, etc.
In the industry's view, Saudi ETFs not only open a convenient index-based cross-border investment channel for domestic investors, but also help promote financial cooperation between the two places and promote the diversification of global asset allocation.
As an important market in the world, the growth potential of the Middle East has attracted the attention of many investors. According to data, Saudi Arabia is the largest economy in the Middle East and the world's largest oil exporter and the second-largest oil production and reserve country. It is well known worldwide for its resource endowment of 'Black Gold Kingdom'. In addition, the overall performance of the Saudi stock market is less correlated with other major capital markets worldwide, occupying an important position in the current diversified and decentralized global asset allocation pattern. The Saudi ETF uses the form of interconnection to closely track the FTSE Saudi Arabia Index by investing in the underlying ETFs of interconnection.
