Bloomberg expects a large number of foreign investments in the Kingdom in 2019

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Bloomberg expects a large number of foreign investments in the Kingdom in 2019
The addition of the Kingdom to the MSCI index as of June 2019 would lead to a $ 40 billion flow to the Kingdom in the form of foreign investment for the country, the Bloomberg network said. Bloomberg said in its report that Franklin Templeton Investments, a long-active asset manager, has sought the approval of the relevant authorities of the Kingdom, according to the Securities and Exchange Commission. The United States on June 22 [Bloombergberg] pointed out that at the present time there is only one active fund, ISHARES MSCI in the Kingdom, with total assets of 269 ​​million, an inflation figure of 1700% this year, the largest among all Arab funds. "For Saudi Arabia and the region, it is an excellent opportunity to attract the attention of foreign investors, which helps to attract flows," said Michael Boliger, head of asset allocation for emerging markets of UBS. One for every $ 1,000 invested in mutual funds traded in one country and 1. BlackRock pays at least $ 4.80 for the traded markets.
MSCI, according to its ability to attract investment and capital, confirmed that the new listing would include the Kingdom's inclusion in a number of countries. (MSCI) said the move "aims to ease access to the Saudi stock market by international institutional investors."
The Morgan Stanley Foundation For Capital Markets, confirmed earlier this year a The Kingdom is aggressively intensifying its assessment of emerging markets in the MSCI index of the institution in the light of many economic reforms that He really has business in house.

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