About KSA ETF
The BlackRock Saudi Arabia ETF (KSA) debuted in September 2015 and is the first and the only ETF to provide direct exposure to Saudi Arabian equity. The fund is dominated by Basic Materials and Financials Sector and it does a decent job to provide coverage of a market that's not easy to access.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
KSA has invested in Financials (42%), Basic Materials (34%), Telecommunications (6%), Consumer Non-Cyclical (5%) and Consumer Cyclical (3%).
KSA has invested 100% of its assets in Saudi Arabia.
The ETF tracks a market cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum.
It allows investors to targeted exposure to a country with growth potential. It provides access to the Saudi Arabian stock market, which has historically been closed to foreign investors.
According to ETFdb.com, ???For Saudi Arabia and the region, this is a great opportunity to move into the limelight of international foreign investors, and to attract inflows.???
1. Fund Factsheet
2. Investors Bet On Saudi Arabia ETF Ahead Of Big Index Decisions