The Al-Eqtisadiah newspaper reported that global index funds recorded the best inflow to the Saudi market in 21 months. Al-Eqtisadiah’s report confirms that global index funds recorded the best inflow to the Saudi market in 21 months thanks to the shift in the geographic pattern of investment as a result of the Ukrainian crisis and higher rates. major asset managers regarding the positive impact of high oil prices on components, the local economy and listed companies.
The Al-Ektisadiya report stated that “First quarter disclosures of funds known as ETFs showed that the value of ‘foreign index funds’ assets invested in the Saudi Arabian market rose at the fastest pace since June 2020. as the total value of current liquidity jumped 25.3% at the end of the first quarter from what it was at the end of 2021, according to audited data from the Morning Star Direct and Al-Eqtisadiah platform.
Source: El Iktisad
