iShares MSCI Saudi Arabia ETF
KSA

$43.18

1.39%

Market Cap: $626M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

30,050% more call options, than puts

Call options by funds: $1.21M | Put options by funds: $4K

17% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 35

4% less funds holding

Funds holding: 116 [Q1] → 111 (-5) [Q2]

10% less capital invested

Capital invested by funds: $643M [Q1] → $579M (-$64.3M) [Q2]

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

7188.47% less ownership

Funds ownership: 7289.67% [Q1] → 101.2% (-7188.47%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for KSA.

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Financial journalist opinion

Highest And Lowest Country ETF Dividend Yields

US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.

Highest And Lowest Country ETF Dividend Yields

KSA: Reduced Incentive To Own On Multiple Counts

iShares MSCI Saudi Arabia ETF has underperformed in 2024, lagging behind global equities, and we are not convinced this trend will reverse any time soon. Investors interested in Saudi equities also have the opportunity to look at FLSA, which we find more compelling. Saudi Arabia's economic outlook is pressured by declining oil prices, while Saudi banks, which dominate this portfolio, will have to deal with higher funding costs.

KSA: Reduced Incentive To Own On Multiple Counts

ETF Securities Lending Activity Shines A Light On Market Dynamics

Central bank interest rate policy divergence has become a reality, there have been increased levels of geopolitical risk due to rising tensions in the Middle East and political change has swept across Europe. With the financial landscape changing at pace, many of the recent themes impacting markets have also been seen in ETF securities lending activity. As uncertainty grows across both the political and financial spectrums, interest in ETFs within the securities lending market is expected to grow further.

ETF Securities Lending Activity Shines A Light On Market Dynamics

KSA: A Story Bigger Than Oil

Saudi Arabia is launching an entrepreneurial ecosystem for non-oil industries, diversifying its economy away from energy. The iShares MSCI Saudi Arabia ETF provides retail investors with exposure to the Saudi market and its economic transformation. The top holdings of the KSA ETF include major financial institutions and Saudi Arabian Oil, reflecting the country's dominance in the financial and energy sectors.

KSA: A Story Bigger Than Oil

KSA Benefits From Steps Towards Growing The Non-Oil Economy

The iShares MSCI Saudi Arabia ETF is an ETF that tracks the performance of the Saudi Arabian stock market. The ETF is heavily swayed by the financial exposures, which are benefiting structurally from the Vision 2030 plan underway in Saudi Arabia.

KSA Benefits From Steps Towards Growing The Non-Oil Economy

KSA: Assessing Potential Value For 2024 And Beyond

The iShares MSCI Saudi Arabia ETF offers global investors access to Saudi Arabia's equity market and its evolving economy. The drivers fueling the growth of Saudi Arabia's economy into 2024 and beyond are varied, demonstrating a comprehensive strategy aimed at strengthening and diversifying the economy. The valuation metrics of the ETF compared to those of a hypothetical U.S. ETF highlights potential undervaluation, making it an appealing investment option considering the market dynamics and growth opportunities.

KSA: Assessing Potential Value For 2024 And Beyond

KSA: Fairly Priced

The iShares MSCI Saudi Arabia ETF provides access to Saudi Arabian equities. Saudi Arabia's economy has some promising growth prospects built around its young population and diversification away from oil. However, the KSA ETF is heavily concentrated, with the top 10 holdings accounting for 56% of the portfolio and Financials accounting for 40% of the fund. With the KSA ETF trading at a 16.4x P/E, Saudi Arabian equities as represented by the KSA looks fairly priced.

KSA: Fairly Priced

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