Saudi Arabia Equity

Saudi Arabia equity mutual funds and ETFs own securities listed on the... Saudi Arabia equity mutual funds and ETFs own securities listed on the Saudi Stock Exchange. The most well-known benchmark on the market is the Tadawul All-Share Index (TASI). The exchange has large weightings in financials, materials, and energy. Some of the biggest companies on the market include Al Rajhi Bank, Saudi National Bank, and Saudi Arabian Oil. Saudi Arabia equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Saudi Riyal. 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 Equity 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: 12/03/2024 View more View less

Saudi Arabia equity mutual funds and ETFs own securities listed on the Saudi Stock Exchange. The most well-known benchmark on the market is the Tadawul All-Share Index (TASI). The exchange has large weightings... Saudi Arabia equity mutual funds and ETFs own securities listed on the Saudi Stock Exchange. The most well-known benchmark on the market is the Tadawul All-Share Index (TASI). The exchange has large weightings in financials, materials, and energy. Some of the biggest companies on the market include Al Rajhi Bank, Saudi National Bank, and Saudi Arabian Oil. Saudi Arabia equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Saudi Riyal. 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 Equity 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: 12/03/2024 View more View less