TOKYO -- Japan's Mizuho Financial Group is partnering with Saudi Arabia's Public Investment Fund to create a Tokyo-listed exchange-traded fund featuring Saudi shares, providing retail investors easier access to a promising emerging market.
Asset Management One, a joint venture between Mizuho and Dai-ichi Life Holdings, plans to create an ETF this fiscal year linked to the FTSE Saudi Arabia Index, a market capitalization-weighted index tracking the performance of large- and mid-cap Saudi stocks.
