DUBAI: Investors betting on Saudi Arabian shares are showing a clear preference for funds listed in Europe over the US. The contrasting picture may come down to which market offers lower fees and more attractive treatment on taxes and dividends.
An exchange-traded fund focused on Saudi equities offered by BlackRock Inc in New York since 2015, the year when the oil-rich kingdom started opening up to foreigners, drew net inflows of about US$626mil this year, quadrupling in size from the end of 2018.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
