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HomeInvestmentU.S.-Backed Fund Manager Seeks Approval for First Mutual Fund to Track Saudi Arabian Stock Market

U.S.-Backed Fund Manager Seeks Approval for First Mutual Fund to Track Saudi Arabian Stock Market

Huatai-PineBridge Fund Management applies for regulatory approval to launch mutual fund in China

December 22, 2023
in Investment
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What’s new: A U.S.-backed fund manager is seeking regulatory approval for what may become the first mutual fund available to Chinese mainland investors that tracks the Saudi Arabian stock market.

The China Securities Regulatory Commission on Wednesday received an application from Huatai-PineBridge Fund Management Co. Ltd. to register a mutual fund that would invest in the CSOP Saudi Arabia ETF, a Hong Kong-listed exchange-traded fund (ETF) that tracks the FTSE Saudi Arabia Index, according to the regulator’s website.

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Tags: China Securities Regulatory CommissionChinese mainland investorsCSOP Saudi Arabia ETFFTSE Saudi Arabia IndexHong Kong-listedHuatai-PineBridge Fund Managementmutual fundregulatory approvalSaudi Arabian stock marketU.S.-backed fund manager
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