iShares, the world's leading exchange-traded fund (ETF) provider, has laun-ched its first ETF product with underlying assets in the GCC ex-Saudi Arabia.
The fund provides a transparent tool for investors looking to geographically diversify their asset allocation. The IGCC seeks to track the MSCI GCC Countries ex-Saudi Arabia index, providing the fund with a reputable and proven benchmark while ensuring there is adequate diversification in the fund.
"The launch is in response to client feedback asking for index-based products that are simple, cost efficient and transparent, providing instant access to the GCC equity markets," said Robert Broadwell, Head of Sales for iShares, Middle East
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