8 JANUARY 2025 – The London Stock Exchange today welcomes State Street Global Advisors (SSGA), the asset management business of State Street Corporation, to mark a $200 million investment from PIF into the recently launched SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (ticker: KSAB).

Growth in the Saudi bond market has accelerated in recent years, driven in part by Saudi Vision 2030 as the country looks to spur growth, diversify its economy and upgrade infrastructure. As the country’s economy has continued to grow at pace, its bond market has matured and become a compelling investment opportunity. Both local and foreign currency bond markets have now become more accessible, offering the liquidity to make the asset class available to global investors seeking uncorrelated risk-adjusted returns and diversification.

Yie-Hsin Hung, Chief Executive Officer at State Street Global Advisors, said: “We are delighted to join PIF as we celebrate their significant investment and the listing of the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF on the London Stock Exchange. With greater economic diversification, Saudi Arabia’s attractiveness for domestic and international investors will only continue to increase, and all of us at State Street Global Advisors are excited to offer investors access to this dynamic market.”

As the first Saudi Arabia fixed-income UCITS ETF in Europe, the ETF seeks to provide investors with exposure to liquid, dollar-denominated, SAR-denominated government and quasi-government Saudi bonds, including sukuk bonds.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. The funds provide investors with the flexibility to select investments that are aligned to their investment strategy. For more information, visit www.ssga.com.

About State Street Global Advisors

For over four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, and as pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with $4.73 trillion † under our care.

*Pensions & Investments Research Center, as of 12/31/23.

This figure is presented as of September 30, 2024 and includes ETF AUM of $1,515.67 billion of which approximately $82.59 billion in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated. Please note all AUM is unaudited.