malaysiang
HONG KONG, CSOP Asset Management Limited (“CSOP”) is thrilled to be part of the introduction of the Albilad CSOP MSCI Hong Kong China Equity ETF (symbol :9410) on the Saudi Stock Exchange (“Tadawul”) on October 30, 2024. 9410 will invest at least 95% of its assets to the CSOP MSCI HK China Connect Select ETF (ticker: 3432.HK) listed on the Hong Kong Stock Exchange (“HKEX”). This marks a milestone as the first ETF in Saudi Arabia to track the Hong Kong equity market. The Albilad CSOP MSCI Hong Kong China Equity ETF is set to be the largest ETF in the Middle East, making its debut with an initial size exceeding USD 1.2 billion¹. As the investment manager of 3432.HK, CSOP is excited to join forces with Albilad Capital to offer this captivating investment opportunity, allowing investors in Saudi Arabia to tap into the dynamic and diverse Chinese economy.
9410 is a Sharia-compliant ETF that employs a passive investment strategy, replicating the performance of the MSCI Hong Kong China Connect Select Index (“the In
dex”) via investing in 3432.HK. This Index provides exposure to the top 30 securities by full market capitalization in the MSCI China and the MSCI Hong Kong indexes that are listed on the HKEX and comply with Sharia standards. For the first time, this ETF grants investors in Saudi Arabia direct access to the growth potential of China’s diverse economy, across sectors such as consumption, healthcare, and technology, among others.
Source: BERNAMA News Agency
