Morningstar Japan K.K. (JP:4765) has released an update.
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SBI Global Asset Management Co., Ltd. is set to launch the first Saudi Arabian stock index-linked ETF in Japan, named ‘SBI Saudi Arabia Equity Exchange Traded Fund’, aiming to provide investment opportunities aligned with the MSCI Saudi Arabia Index. This initiative, reflecting the cooperative economic relationship between Japan and Saudi Arabia under ‘Vision 2030’, is anticipated to offer investors a new avenue for portfolio diversification and long-term asset growth. The ETF will be listed on the Tokyo Stock Exchange from October 31, 2024, broadening access to the Middle Eastern market.
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