MSCI Inc. has announced the launch of the MSCI Saudi Arabia Indexes, coinciding with the opening of the Middle East’s biggest economy…
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MSCI also launched the MSCI GCC Countries International Indexes, the first indexes of their kind that represent the full investable opportunity set available in the Gulf Cooperation Council (GCC) countries: Saudi Arabia, Qatar, United Arab Emirates, Kuwait, Oman and Bahrain. All indexes incorporate Saudi Arabia’s foreign ownership limit restrictions.
“The opening of the Saudi market represents a major opportunity for international investors in what to date has been one of the largest closed markets in the world,” said Baer Pettit, Managing Director and Global Head of Products. “These new indexes are in direct response to growing demand from investors who want broad coverage of the equity opportunity set in the Gulf region.”
Source: ETFWorld.com
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