Saudi Stocks Emerge As An Emerging Markets Play: (KSA)

Ted

FYI: Saudi Arabia is about to join a not-so-exclusive club—the MSCI Emerging Markets Index.

MSCI will add Saudi stocks to its Emerging Markets Index and other indexes in waves. The first additions will come at the end of May, and then again at the end of August. FTSE Russell and S&P Dow Jones already started adding Saudi stocks to their emerging markets indexes in March. But as the provider of the more widely-used benchmark and the de facto arbiter for just how “developed” countries are, MSCI’s move, first announced last year, carries more weight. Some $14 trillion in investor assets track MSCI’s indexes.

That means Saudi stocks will start showing up in exchange-traded funds that track the MSCI Emerging Markets Index as well as others—and possibly in the 115 actively managed mutual funds that use the index as a benchmark for performance, too.
Regards,
Ted
https://www.barrons.com/articles/saudi-arabia-msci-emerging-markets-index-51556312597?mod=djem_b_Weekly barrons_daily_newsletter

M* Snapshot KSA:
https://www.morningstar.com/etfs/ARCX/KSA/quote.html