Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) and State Street Investment Management (State Street IM) have launched a new exchange-traded fund (ETF), with PIF serving as the fund’s anchor investor.
The fund, known as State Street Saudi Arabia Enhanced Active Equity UCITS ETF, gives European investors active exposure to Saudi equities through a quantitative, multi-factor stock selection model.
The ETF is listed on Xetra in Germany and cross-listed on the London Stock Exchange (LSE), where a bell-ringing ceremony marked its launch.
It will also be available to investors across several key European markets and is registered for distribution in 13 countries, including Germany, France, the UK, Italy, and Spain.
Meanwhile, the launch strengthens PIF’s strategy to deepen and diversify Saudi Arabia’s capital market by attracting international capital, expanding financing channels, and introducing new investment products.
It further reflects its ongoing collaboration with global asset managers to broaden market access and liquidity.
Deputy Governor and Head of MENA Investments at PIF, Yazeed Al Humied, said: “PIF is further strengthening Saudi Arabia’s capital market ecosystem, working with our partners to open gateways for international investors, enable access and drive global capital inflow into the country.”
It is worth noting that quantitative fund SAQL represents the second ETF anchored by PIF in partnership with State Street IM and the fifth ETF investment by PIF across nine global markets with leading international asset managers
Al Humied commented: “Our continued partnership with State Street IM reinforces a shared commitment to enhance and diversify the product range, to present new opportunities for international investors into the Saudi market and unlock capital pools."
He emphasized: “The launch of this ETF further deepens the Saudi market and builds on a series of PIF-anchored ETF listings across international markets, cementing PIF’s role in driving increased product diversification to enhance liquidity and fulfill market needs.”
Previous Saudi-focused ETF listings have been introduced in markets including Hong Kong, London, Shanghai, Shenzhen, Tokyo, Frankfurt, Italy, and Singapore.
The CEO of State Street IM, Yie-Hsin Hung, said: “We are thrilled to continue our partnership with PIF by bringing another innovative Saudi-focused ETF product to market for our European clients.”
“Saudi Arabia’s success story in recent years speaks for itself – with the combination of a rapidly expanding domestic market and a supportive regulatory landscape creating a truly compelling prospect for investors around the world,” the CEO noted.
At the end of the fourth quarter (Q4) of 2025, PIF decreased the value of its US-listed equity holdings to $12.95 billion when compared with $19.37 billion in Q3-25.
