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DeepNewz, mobile.
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Chinese investors are increasingly investing in two new exchange-traded funds (ETFs) that track Saudi Arabian shares, driven by the poor performance of local equities. The influx of capital into these ETFs indicates a growing interest in overseas assets among Chinese investors. Notably, both ETFs are trading at significant premiums to their net asset values, highlighting their competitive advantage in yields, according to Guotai Junan. This trend occurs against the backdrop of the Saudi bourse gaining on recent US inflation data, while the Egyptian market experiences a decline.
Chinese investors are pouring money into two new exchange-traded funds tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets https://t.co/YbBatMgD6X
Chinese investors are pouring money into two new exchange-traded funds tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets. https://t.co/9dcEPyjkQE https://t.co/hRgZ4jKLrF
China Investors Pile Into Saudi ETFs as Two Nations Grow Closer Both ETFs trade at sizable premiums to their net asset values Saudi ETFs have competitive advantage in yields: Guotai Junan https://t.co/l2n8F2iw7I
