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Launch Partners

PIF invests in JP Morgan Sukuk ETF

GLOBAL: Saudi Arabia’s Public Investment Fund invested US$200 million in JP Morgan Saudi Arabia Aggregate Bond UCITS ETF (exchange traded fund) – the first internationally listed fixed-income Saudi Arabian ETF that tracks dollar-denominated bonds and Sukuk issued by the kingdom’s government and quasi-state entities. The fund is open to investors in 12 European countries – it is listed on the London Stock Exchange and Deutsche Borse.

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