HONG KONG — Center East sovereign wealth funds have gotten more and more energetic in Hong Kong’s inventory market after it tumbled to its lowest degree in 20 years amid rising investor considerations in regards to the deteriorating relationship between the West and China.
Sovereign wealth funds from Saudi Arabia, Abu Dhabi and Qatar have participated as seed traders within the listings of Chinese language firms this yr. On Wednesday, a brand new $1 billion exchange-traded fund (ETF) monitoring Saudi equities listed in Hong Kong, with Saudi Arabia’s Public Funding Fund (PIF) as anchor investor.
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