Hong Kong ETF provider Premia Partners, in partnership with BOCHK Asset Management, has announced the listing of the Premia BOCHK Saudi Arabia government Sukuk ETF.
The ETF was launched on the Hong Kong Stock Exchange HKEX on May 29 sukuk is the name for Islamic bonds.
It is Asia's first investment grade government sukuk ETF, the physical replicated ETF is designed to provide investors with direct access to government sukuk denominated in Saudi Riyal or USD issued by the Saudi Arabia government or government agencies it has a total expense ratio TER of 0.35% per annum. The ETF tracks the...
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