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Al-Rajhi Capital Launches MSCI ETF
Al Rajhi Capital has launched an Exchange-Traded Fund (ETF) that allows investors to gain exposure to the Saudi market performance by mimicking the MSCI Saudi Arabia Index, which includes 256 companies. The fund aims to provide transparent exposure at low costs compared to actively managed funds, with quarterly rebalancing to reflect changes in the index. It has been listed on the Saudi Stock Exchange since August 10 and enables investors to buy and sell easily without relying on borrowing, with management fees reduced to 0.25%. The fund focuses on companies with larger market capitalizations and higher weights, such as Al Rajhi Bank and Aramco, aiming to offer broad and diversified exposure to the Saudi market over the long term. This fund presents a suitable investment opportunity for individual and institutional investors seeking low-cost investment options with direct market performance tracking.
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