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HSBC launches new Saudi Arabia ETF on Xetra

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HSBC has launched a new Saudia Arabia-focused ETF on Xetra and Börse Frankfurt.

The HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF enables investors to participate in the performance of the 30 largest companies in Saudi Arabia.

The weighting of the largest group unit in the benchmark index is limited to 35 per cent and that of all other units to a maximum of 20 per cent. With 30 components, the ETF covers around 85 per cent of the free float-adjusted market capitalisation in Saudi Arabia.

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