Mizuho Financial Group Inc.announced launching the Tokyo-listed One ETF FTSE Saudi Arabia Index. The fund is established and managed by Asset Management One Co.
In a statement today, Dec. 12, Mizuho said the PIF and Mizuho Bank are anchor investors in One ETF FTSE Saudi Arabia Index. The initial market capitalization of the ETF exceeded JPY 15 billion ($100 million), making it the largest ETF investing solely on the Saudi Arabian equity market on TSE1.
The launch and listing of the ETF is a significant achievement in enabling greater access to Saudi Arabia’s diversified equity market. The ETF further solidifies the growing relationship between PIF and Japanese investors, driving cross-border opportunities, foreign direct investment, and bridging Japan and Saudi Arabia’s capital markets.
The Saudi sovereign wealth fund’s global partnerships enable the Kingdom’s economic growth and diversification, Mizuho added.
Through the ETF, Mizuho provides investors with access to one of the world’s fastest growing markets and contributes to the development of Saudi and global capital markets.
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “Tokyo is a top-ranked global financial center and represents a significant opportunity in PIF’s strategy to open gateways and enable access to Saudi Arabia’s dynamic capital market.”
The partnership with Mizuho and the launch of One ETF FTSE Saudi Arabia Index will present new opportunities for Japanese investment into the Saudi equity market, one of the most attractive destinations for capital inflows in the world today, he added.
Mizuho Financial Group Inc.announced launching the Tokyo-listed One ETF FTSE Saudi Arabia Index. The fund is established and managed by Asset Management One Co.
In a statement today, Dec. 12, Mizuho said the PIF and Mizuho Bank are anchor investors in One ETF FTSE Saudi Arabia Index. The initial market capitalization of the ETF exceeded JPY 15 billion ($100 million), making it the largest ETF investing solely on the Saudi Arabian equity market on TSE1.
The launch and listing of the ETF is a significant achievement in enabling greater access to Saudi Arabia’s diversified equity market. The ETF further solidifies the growing relationship between PIF and Japanese investors, driving cross-border opportunities, foreign direct investment, and bridging Japan and Saudi Arabia’s capital markets.
The Saudi sovereign wealth fund’s global partnerships enable the Kingdom’s economic growth and diversification, Mizuho added.
Through the ETF, Mizuho provides investors with access to one of the world’s fastest growing markets and contributes to the development of Saudi and global capital markets.
Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “Tokyo is a top-ranked global financial center and represents a significant opportunity in PIF’s strategy to open gateways and enable access to Saudi Arabia’s dynamic capital market.”
The partnership with Mizuho and the launch of One ETF FTSE Saudi Arabia Index will present new opportunities for Japanese investment into the Saudi equity market, one of the most attractive destinations for capital inflows in the world today, he added.
