SGX Lists First Saudi Arabia-Focused ETF, Expanding Fixed Income Access

Singapore Exchange (SGX) marked a milestone with the debut listing of the SPDR® J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF, its first Saudi Arabia-focused exchange-traded fund. The ETF, managed by State Street Investment Management, tracks the J.P. Morgan Saudi Arabia Aggregate Bond Index, offering exposure to USD and SAR-denominated government and quasi-government bonds, including Sukuk.

Ng Yao Loong, Head of Equities at SGX Group, emphasized the significance of this listing as a gateway to Gulf Cooperation Council (GCC) bond markets. "This expansion aligns with Saudi Arabia’s Vision 2030, deepening capital markets and diversifying investor access," he noted. The ETF was previously listed on Deutsche Börse, London, and Milan before its Singapore debut.

Anna Paglia of State Street Investment Management highlighted the ETF’s role in providing cost-efficient exposure to Saudi Arabia’s growing bond market. The MOVE underscores SGX’s strategic positioning as a conduit for global investors seeking participation in the region’s economic growth.