The iShares MSCI Saudi Arabia Capped ETF (NYSE: KSA), the lone exchange-traded fund dedicated to stocks in the Gulf Cooperation Council (GCC) nation, is down nearly 1.1 percent year-to-date, a disappointing performance when noting the United States Brent Oil Fund, LP (NYSE: BNO) is higher by 19.5 percent.
Will Saudi Arabia Make The Leap To EM Status?
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.
Depending ...
/www.benzinga.com/trading-ideas/long-ideas/16/05/7984124/itll-be-a-while-before-saudi-arabia-gets-an-em-upgrade alt=It'll Be A While Before Saudi Arabia Gets An EM Upgrade>Full story available on Benzinga.com
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