State Street Global Advisors has launched an exchange traded fund that will offer European investors access to Saudi Arabian government bonds.
The Ireland-domiciled SPDR JPMorgan Saudi Arabia Aggregate Bond Ucits ETF invests in liquid, dollar-denominated and Saudi riyal-denominated government and quasi-government debt, including sukuk bonds.
The US-based asset manager said the ETF was the first dedicated Saudi Arabia fixed-income Ucits ETF in Europe.
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