By Innovation-sa on June 19, 2019 in News

Saudi Arabia is on track to outpace India and take first position in the ETF ranking this year. The ETF ranking tracks flows into exchange-traded funds of developing countries. For the past three years, Saudi Arabia had been behind China and Brazil.


India and Saudi Arabia are leading ranking for ETF net inflows this year with new money invested in ETFs in India at $2.5 billion and Saudi Arabia at $2.2 billion. If the net inflows for the last three months are considered alone, the Kingdom is already on top of the chart, with India following.


Moreover, inflows to Saudi shares are expected to expand quickly as MSCI Inc. and FTSE Russell are preparing to add some of Saudi Arabia’s biggest companies to their main emerging-market benchmarks in the coming months. The two main global index compilers started their upgrade in March, and is scheduled for completion in 2020.


The London-traded Invesco MSCI Saudi Arabia UCITS ETF, the largest ETF tracking Saudi shares, had net inflows of near $910 million in May, the most for a month since its inception last year, boosting its net for the year to $1.4 billion.


Bloomberg – 11 June 2019