iShares, the ETF arm of Barclays Global Investors, has released the first product offering exposu...
iShares, the ETF arm of Barclays Global Investors, has released the first product offering exposure to the Gulf Cooperation Council (GCC) region in one single fund.
The iShares MSCI GCC Countries ex-Saudi Arabia provides exposure to equity markets in Kuwait, the United Arab Emirates, Bahrain, Qatar and Oman by capturing performance by companies across a range of sectors, such as the financial, real estate, mobile telecommunications, industrial and material sectors.
Head of sales strategy for iShares Europe Nizam Hamid comments: "It has historically been difficult to access GCC markets, and whilst there are products offering exposure to individual countries and to the region as part of broader benchmarks, the iShares MSCI GCC Countries ex-Saudi Arabia is the first ETF in Europe to focus on the five investible GCC markets within a single fund."
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