PIF anchors State Street’s newly launched Saudi equity ETF, further expanding international access to investment opportunities within Saudi Arabia
The London Stock Exchange today welcomes State Street Investment Management, the asset management business of State Street Corporation, to mark investment from PIF into the recently launched active enhanced strategy providing investors with direct access to the fast-growing opportunities within the Saudi equity market.
The investment advances PIF’s strategy to deepen and diversify Saudi Arabia’s financial market and attract international capital, using ETFs to support Vision 2030 by broadening financing options, strengthening institutions, and introducing new products. Despite geopolitical instability and oil price volatility GCC equity markets continue to evolve, reflecting a region in transition rather than one defined solely by short-term market cycles.
“We’re thrilled to continue our partnership with PIF by bringing another innovative Saudi-focused ETF product to market for our European clients. Saudi Arabia’s success story in recent years speaks for itself – with the combination of a rapidly expanding domestic market and a supportive regulatory landscape creating a truly compelling prospect for investors around the world. At State Street, as with PIF, innovation is in our DNA and we’re pleased to offer a new product in this same vein, drawing on our decades of experience and commitment to quality to underpin an exciting new offering, anchored by PIF.”
Yie-Hsin Hung
Chief Executive Officer of State Street Investment Management
