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1st HK Stock ETF to Debut on Saudi Exchange Next Wed: Report
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The first Hong Kong stock ETF to list in Saudi Arabia is set to begin trading on the Saudi Exchange next Wednesday (30th), Chinese media cited sources. It is reported that the fund is established and issued by AlBilad Investment Company, a subsidiary of Bank Albilad. It is an ETF investing in Hong Kong stocks, primarily in the CSOP MSCI HK China Connect Select ETF (03432.HK) to track the performance of the related index. Public information shows that the CSOP MSCI HK China Connect Select ETF was established in July this year. As of last Friday (18th), the fund's stock position reached 99.87%, investing in a total of 30 stocks. The top three weighted stocks are MEITUAN-W (03690.HK), TECHTRONIC IND (00669.HK), and CHINA SHENHUA (01088.HK), with holding weights of 11.3%, 7.43%, and 6.95%, respectively. AAStocks Financial News |
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