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On July 16, the first batch of Saudi Arabian exchange-traded open-end index funds (ETFs) in China were officially listed. Among them, China Southern Asset Management Co., Ltd.'s Saudi Arabia ETF (QDII) was listed on the Shenzhen Stock Exchange, referred to as Saudi Arabia ETF (159329), and Huatai-PineBridge China Southern Asset Management Co., Ltd.'s Saudi Arabia ETF (QDII) was listed on the Shanghai Stock Exchange, referred to as N Saudi Arabia ETF (520830).

In the afternoon of the 16th, Saudi ETF (159329) and N Saudi ETF (520830) both hit their daily limit.

Public data shows that the underlying indices of the two Saudi ETFs are both the FTSE Saudi Arabia Index, which is a tool for mainland investors to participate in Saudi market investment with one click.

The first two Saudi ETFs listed are based on the FTSE Saudi Arabia Index

The first batch of Saudi ETFs in the country took about one month from approval, issuance to establishment and official listing, with a total fundraising amount of over 1.2 billion yuan.

Specifically, the fundraising scale of China Southern Fund's Southern China Asset Management Saudi Arabia ETF (QDII) was 634 million yuan, and the total number of valid subscribers was approximately 14,300 households. The fundraising scale of Huatai-PineBridge Southern China Asset Management Saudi Arabia ETF (QDII) was 590 million yuan, and the number of holders was 7,665 households.

Public information shows that the underlying indices of the two Saudi ETFs are both the FTSE Saudi Arabia Index.

It is reported that the top ten weighted stocks of the FTSE Saudi Arabia Index account for a total of 62.36%, focusing on the pillars of the national economy such as finance, energy, raw materials, public materials and communications. In particular, the financial industry accounts for more than 40% of the holdings. As of June 30, the top three weighted stocks of the index are the world's largest Islamic bank, Bank Al Rajhi, the world's largest market capitalization giant Saudi Aramco, and Saudi National Bank, the largest bank in Saudi Arabia by assets.

However, Shell Finance reporters noticed that the FTSE Saudi Arabia Index fluctuated greatly. Wind data showed that as of July 15, the index fell 1.96% in the past year and rose 8.64% in the past three years.

Cross-border ETF layout is further improved. Investors should pay attention to overseas market risks

With the listing of two Saudi ETFs, my country's cross-border ETF layout has been further improved.

Wind data shows that as of July 15, there were 125 cross-border ETFs in the market with a total scale of 296.158 billion yuan. The investment scope of these cross-border ETFs covers Hong Kong, the United States, Germany, France, Japan, South Korea, Singapore, etc., and this time it has expanded to the Saudi market. The tracking targets have basically achieved full coverage of major global markets, providing tools for investors to conduct global asset allocation.

In terms of performance, cross-border ETFs have also performed well. Also based on Wind data, as of the close of July 15, the average return of 125 cross-border ETFs this year was 5.03%, and the median was 8.10%. Among them, the Nasdaq Technology ETF has risen as much as 37.78% this year, and there are 13 cross-border ETFs with a year-to-date increase of more than 20%. However, affected by the downward trend in the medical industry, many Hang Seng Medical ETFs among the cross-border ETFs have performed poorly, with a year-to-date decline of more than 20%.

The relevant person in charge of Tianxiang Investment Consulting Fund Evaluation Center told Shell Finance reporters that since the beginning of this year, the US stock market, Indian stock market and other overseas markets have performed well. From the perspective of global asset allocation, investors can theoretically obtain corresponding overseas market growth dividends through reasonable, diversified and decentralized investment strategies for overseas asset allocation. However, investors should also consider the investment risks in overseas markets.

Beijing News Shell Financial Reporter Pan Yichun

Editor Yue Caizhou Proofreader Yang Li