The iShares MSCI Saudi Arabia Capped ETF (NYSE: KSA) debuted in September, undoubtedly in auspicious timing for the first U.S.-listed exchange-traded fund tracking equities in the largest member of the Organization of Petroleum Exporting Countries (OPEC).
While the iShares MSCI Saudi Arabia Capped ETF launched in the midst of an epic slide in oil prices, the fund was viewed as a potential play on two other themes: the liberalization of the Saudi economy, including increased access for foreign investors, and the kingdom's eventual ascent to the widely followed MSCI Emerging Markets Index.
Although KSA remains a play on increased access to the Saudi economy and the kingdom's equity markets, even long-term investors may need to apply additional patience in waiting for Saudi Arabia to join major emerging markets equity benchmarks.
/www.benzinga.com/news/16/02/6270940/emerging-markets-promotion-still-murky-for-saudi-arabia-etf alt=Emerging Markets Promotion Still Murky For Saudi Arabia ETF>Full story available on Benzinga.com
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