State Street Investment Management has announced the cross-listing of the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (Acc) on the Singapore Exchange, effective 3 September 2025. This Saudi-focused exchange traded fund (ETF) aims to provide Singaporean investors with access to Saudi financial instruments, including government and quasi-government bonds.
The ETF, initially launched on the Deutsche Börse in December 2024, has since been cross-listed on the London Stock Exchange and Borse Italiana. The Public Investment Fund (PIF) is an anchor investor, reinforcing its strategy to attract foreign capital into Saudi Arabia’s capital market. Abdulmajeed Alhagbani, Head of Securities Investments at PIF, highlighted the ETF’s role in deepening capital inflow into Saudi Arabia, aligning with Saudi Vision 2030.
Anna Paglia, Chief Business Officer at State Street Investment Management, expressed excitement about the ETF’s introduction to Singapore, noting its potential for portfolio diversification amidst growing investment ties between Singapore and Saudi Arabia. “The ETF offers Singapore investors a unique opportunity to tap on the strengthening investment ties between Singapore and Saudi Arabia,” she stated.
The ETF tracks the J.P. Morgan Saudi Arabia Aggregate Index, offering exposure to liquid, dollar-denominated, and SAR-denominated bonds, including sukuk bonds. This development is part of PIF’s broader strategy to enhance international access to Saudi Arabia’s capital markets, with previous investments in ETFs listed in Hong Kong, Shanghai, Shenzhen, and Tokyo.
The cross-listing marks a significant step in expanding Saudi Arabia’s capital market reach, providing Singaporean investors with new opportunities for international investment.
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