Hong Kong investment firms Premia Partners and BOCHK Asset Management have listed a Saudi Arabian government sukuk exchange-traded fund.
The Premia BOCHK Saudi Arabia Government Sukuk ETF covers Islamic bonds issued by the Saudi Arabian government or A-rated sovereign issuers, Premia says in a statement on May 29, when the ETF was listed on the Hong Kong bourse. According to the company, this is the first investment grade sukuk ETF in Asia.
Premia says the fund’s strategy reflects Saudi Arabia’s low government debt and plan to reduce dependence on oil and diversify into new industries.
























