LONDON: The Board of Directors of HSBC ETFs PLC has announced the launch of HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF.[the_ad id=”31605″]The sub-fund will aim to replicate the performance of the MSCI Saudi Arabia 20/35 Capped Index. The Index is a market-capitalisation weighted index designed to measure the performance of the large and mid-capitalisation companies in Saudi Arabia.
The admission of the sub-fund’s USD Class of Shares to the Official List and to trading on the London Stock Exchange’s main market for listed securities will become effective, and dealings will commence on 1 May 2019. The total expense ratio (TER) for the USD Class of Shares is up to 0.50%.