First Gulf ETF

Lyxor Asset Management and Coast Investment & Development Company have announced the launch of a new ETF focusing on Kuwait, the first ever ETF to focus on the Gulf region.

The Lyxor ETF Kuwait (FTSE Coast Kuwait 40) offers the ability to access the Kuwait market through one single share traded on the London Stock Exchange with an annual total expense ratio of just 0.65%. Kuwait is ranked the world’s sixth richest country with a GDP per capita of $65,000. It has the fifth largest oil reserves in the world and is undertaking a $200 billion infrastructure programme to support growth and diversification of the economy.

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