09.03.2025

SGX Lists its First Saudi Arabia-Focused ETF

09.03.2025
SGX Lists its First Saudi Arabia-Focused ETF

SGX Securities welcomed the listing of the SPDR® J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF, marking a significant milestone with its first Saudi Arabia-focused exchange-traded fund (ETF). The cross-listing of this ETF provides Singapore investors with cost-efficient access to the fast-growing and deepening bond market of Saudi Arabia.

Managed by State Street Investment Management, the ETF tracks the J.P. Morgan Saudi Arabia Aggregate Bond Index, offering exposure to the performance of liquid, USD-denominated and SAR-denominated government and quasi-government bonds, including Sukuk. The ETF was first launched on Deutsche Börse in December 2024 and subsequently cross-listed in London and Milan before its Singapore debut.

Ng Yao Loong, Head of Equities, SGX Group, said “We are delighted to welcome our first Saudi Arabia-focused ETF and our maiden ETF offering dedicated exposure to the Gulf Cooperation Council (GCC) bond markets. This is not only a meaningful expansion of SGX’s fixed income products but also paves the way for broader investor access to the GCC region. As Saudi Arabia’s capital markets deepen and diversify in tandem with Vision 2030, SGX – together with our partners – is well-positioned to serve as a trusted gateway connecting investors to Saudi Arabia’s economic growth story.”

Anna Paglia, Executive Vice President and Chief Business Officer, State Street Investment Management, said “Thanks to the efforts by GCC countries to increase the size, breadth and depth of their local and hard currency fixed income markets, Saudi Arabian bonds have become a compelling area for portfolio diversification. This ETF has attracted significant interest from international investors across Europe and the Middle East, and we are excited to work with SGX to bring this product to Singapore, offering local investors a unique opportunity to capitalize on the strengthening investment ties between Singapore and Saudi Arabia.”

Since its inception, the ETF has garnered strong institutional interest including from Saudi Arabia’s Public Investment Fund (PIF). In January 2025, the PIF committed a strategic investment of US$200 million, underscoring the fund’s credibility and appeal among leading sovereign investors in the product.

The launch comes as investor interest grows in the GCC bond markets, which have collectively reached over US$1 trillion in size as of March 31, 2025 . Backed by transformative economic reforms and strategic diversification, Saudi Arabia’s fixed income market has emerged as a compelling asset class for portfolio diversification and yield enhancement.

This listing is also enabled by SGX’s connectivity with Euroclear’s revolutionary ICSD ETF model, which facilitates seamless cross-border settlement of ETFs between Europe and Asia. This critical piece of infrastructure makes global investing simpler and more efficient.

With this listing, the total number of ETFs listed on SGX rises to 49, with combined assets under management (AUM) exceeding S$15 billion, reinforcing SGX’s role as Asia’s most international multi-asset exchange.

Source: SGX

Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance

We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM

ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh

Load More

Related articles

  1. Singapore Exchange is on track to achieve 6%-8% growth in group revenue.

  2. Eurex is the only derivatives exchange outside Korea to offer access to a Korean equity index.

  3. The Monetary Authority of Singapore will place an initial S$1.1bn with these appointed managers.

  4. MarketAxess Expands in Asia

    Eurex is the only derivatives exchange outside Korea offering access to a Korean equity index.

  5. Project Acacia has selected a number of industry participants.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA