HSBC Saudi Arabia launched two new funds in December: the HSBC Saudi Equity Index Fund, and the HSBC Petrochemical Equity Opportunities Fund. HSBC is also offering participatory notes and swaps over these funds. HSBC’s Saudi Petrochemical Equity Index comprises 11 shares, including Sabic, which is the dominant company in the Saudi equity market. The broader equity index tracks 36 stocks across a broad range of sectors. Both funds are passively managed and aimed at institutional investors and third-party distributors.
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