HSBC is simultaneously launching a tailored sector index based on Saudi petrochemical equities. The index is constructed of a portfolio of 11 shares, which are each weighted according to market capitalisation. Two passively-managed open-ended funds have been created alongside the indexes – the HSBC Saudi equity fund and the HSBC Petrochemical Equity Opportunities Fund.
The company has launched the product family for non-domiciled investors who want to access Saudi markets. Direct investment i