Japan's Mizuho to launch Saudi stock ETF with sovereign fund PIF

Tokyo-listed fund to offer individuals access to fast-growing market

20241031N Saudi flag

Saudi Arabia looks to attract foreign capital as it transitions its economy away from oil. (Source photos Reuters) 

YUKI SEKIGUCHI, Nikkei staff writer

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.

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