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HANetf lists new Kuwait ETF on LSE


HANetf’s KMEFIC FTSE Kuwait Equity UTICS ETF (KUW8) has now been listed on the London Stock Exchange (LSE) in USD as well as GBP.

This is the fourth ETF to be issued through HANetf’s white label platform and is the first time a middle eastern asset manager has sponsored an ETF in Europe. This is the only UCITS ETF to provide targeted exposure to the growth opportunities Kuwait which are detailed in the white paper issued by HANetf attached.
Tracking the FTSE Kuwait All-Cap 15 per cent Capped Index, the KMEFIC FTSE Kuwait Equity UCITS ETF enables investors to gain exposure to a basket of Kuwaiti companies with a combined market capitalisation of ~USD14.6 billion. Constituents are capped at 15 per cent during a semi-annual rebalance to reduce concentration in larger-cap securities. The ETF has a TER of 80bps. 
Hector McNeil, co-CEO, HANetf says: “Kuwait is an emerging country with huge potential and we are excited both by our relationship with KMEFIC and by what the launch of this new ETF represents for the European ETF industry.
“By effectively reducing the barriers to launching an ETF, HANetf has enabled traditional asset managers like KMEFIC to break into the previously closed club of European ETF issuers, expanding the distribution reach of their investment ideas, offering investors new tools and exposures and creating a more diverse, competitive ETF marketplace. HANetf significantly reduces the barriers to entry to the European ETF market for companies such as KMEFIC.
“Kuwait is seeing a surge in foreign investor interest and this ETF provides a much-needed solution for European investors to gain exposure to the Kuwaiti companies poised to benefit from a diversifying economy.”

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