State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (KSAB) to be listed on the Xetra and London Stock Exchange.
The new fund aims to track the newly created index J.P. Morgan Saudi Arabia Aggregate Index, developed in close collaboration with SSGA, to provide investors with exposure to the performance of liquid, USD-denominated and SAR-denominated government and quasi-government bonds, including Sukuks bonds.
Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, said:
“We are pleased to offer investors cost effective access to the fast growing fixed income market in Saudi Arabia, one of the leading issuers…
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