Saudi Arabia

Saudi Arabia mutual funds and ETFs invest in a wide range of... Saudi Arabia mutual funds and ETFs invest in a wide range of asset classes in Saudi Arabia. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are the most common asset class.These funds cover a wide range of stocks across all sectors of the market as well as market caps and share classes. They can be indexed or actively managed. The Saudi economy, the world’s 18th largest by nominal Gross Domestic Product as of 2022, is characterized by the production and export of crude oil, large income disparities, and plans to move away from a dependence on fossil fuels. Investment as a share of GDP was 29.1% as of 2022, above the long-run average of 27.2% going back to 2003. Crude oil, natural gas, and chemical products are key exports. As an emerging market economy, Saudi Arabia mutual funds and ETFs may be appropriate for aggressive investors. However, the authoritarian nature of the government introduces risks that the Saudi market could at some point be subject to sanctions from other countries. Last Updated: 06/07/2023 View more View less

Saudi Arabia mutual funds and ETFs invest in a wide range of asset classes in Saudi Arabia. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However,... Saudi Arabia mutual funds and ETFs invest in a wide range of asset classes in Saudi Arabia. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are the most common asset class.These funds cover a wide range of stocks across all sectors of the market as well as market caps and share classes. They can be indexed or actively managed. The Saudi economy, the world’s 18th largest by nominal Gross Domestic Product as of 2022, is characterized by the production and export of crude oil, large income disparities, and plans to move away from a dependence on fossil fuels. Investment as a share of GDP was 29.1% as of 2022, above the long-run average of 27.2% going back to 2003. Crude oil, natural gas, and chemical products are key exports. As an emerging market economy, Saudi Arabia mutual funds and ETFs may be appropriate for aggressive investors. However, the authoritarian nature of the government introduces risks that the Saudi market could at some point be subject to sanctions from other countries. Last Updated: 06/07/2023 View more View less