|Bid||31.23 x 800|
|Ask||31.26 x 1000|
|Day's Range||31.13 - 31.35|
|52 Week Range||28.04 - 35.66|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||0.71%|
|Beta (5Y Monthly)||0.47|
|Expense Ratio (net)||0.74%|
Events unfolding in the Middle East is already proving to be a major market mover in 2020, which could put certain ETFs on the watch list. Last Friday, the Dow Jones Industrial Average fell as much as ...
One of the easiest ways to get in on the Aramco action is to invest in the iShares MSCI Saudi Arabia ETF, which is the only single-country exchange-traded fund for Saudi stocks.
MSCI Inc. (NYSE: MSCI), one of the largest providers of indexes for use by issuers of ETFs, moved to include Saudi Aramco in its international benchmarks, a move that stoked some profit-taking in the newly ...
Saudi Arabian oil giant Saudi Aramco made its debut as a public company Wednesday on that country's Tadawul exchange in what was the world's largest initial public offering, one that also created the world's largest company by market value. FTSE Russell is doing just that. Membership in the FTSE All-World Index could get Aramco into the $12.1 billion Vanguard Total World Stock ETF (NYSE: VT), which tracks a similar FTSE index.
Saudi Arabia stocks and related exchange traded funds were among the best Gulf performers on Monday after a positive review from index provider MSCI Inc. The iShares MSCI Saudi Arabia Capped ETF (NYSEArca: ...
Once one of this year's best-performing single-country ETFs, the iShares MSCI Saudi Arabia Capped ETF (KSA) is clinging to year-to-date gains as it resides about 16% below its 52-week high. The first Saudi Arabia listed in New York is now contending with another headwind: a downgrade to the Kingdom's credit rating by Fitch Ratings. Fitch lowered its rating on Saudi debt to A from A+ with a stable outlook.
On Saturday, a Yemeni militia group, the Houthi rebels, took credit for the attack, saying they flew 10 drones over assets controlled by the kingdom-controlled Saudi Aramco, a company that's preparing a massive initial public offering. The United States Brent Oil Fund (NYSE: BNO) fell 2% last week, before news of the drone attacks broke. Remembering that oil produced outside the U.S. is priced in Brent terms, geopolitical volatility, particularly the kind that disrupts oil supply, can provide a boost to Brent prices.
Saudi Arabia ETFs have attracted hefty new inflows after major indexing groups upgraded the kingdom's market to a developing country status. The iShares MSCI Saudi Arabia Capped ETF (KSA) has also brought in $612 million in net inflows so far this year, according to ETFdb data. KSA now holds $833 million in assets under management.
As Saudi Arabia is experiencing exponential economic growth, it can utilize its surplus capital by reinvesting in disruptive technologies like artificial intelligence (AI). The country has long been a beneficiary of its vast oil reserves, but AI could help realize areas where it can diversify its economic growth. "The United Arab Emirates (UAE) and Saudi Arabia have long-enjoyed abundant hydrocarbons reserves, granting them a prominent place in world markets and a strategic position in regional and global geopolitics," wrote The Economist's Economic Intelligence Unit.
The iShares MSCI Saudi Arabia ETF (KSA) rose 0.75 percent on Wednesday and with good reason--index provider MSCI plans to add more Saudi Arabia stocks to its indexes--namely the MSCI Emerging Markets Index and MSCI All Country World Index. This will help diversify the emerging markets index, which currently has a large tilt towards China and South Korea. After the inclusion of Saudi Arabia stocks, the total allocation towards the country will be at 2.6 percent.
Saudi Arabian stocks are into a second year of being among the best performers in the developing world. Stocks there are rallying on the back of recent announcement by index provider MSCI that when Saudia ...
Amid speculation that some stocks in Saudi Arabia would be added to the MSCI Emerging Markets Index, the iShares MSCI Saudi Arabia ETF (NYSE: KSA ) was one of 2018's best-performing single-country exchange ...
The iShares MSCI Emerging Markets ETF (NYSE: EEM) actually outperformed the S&P 500 by nearly 2.5 percentage points in January. For emerging market investors, this recent rally is sorely needed as EM equity took a beating in 2018. Using the Emerging Markets Stocks ETFs Q-Folio—an AI-based portfolio model from research platform Quantamize—we can see which emerging markets we should consider going over- or underweight in our portfolios.