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.
Sulaiman Al-Abduljader, vice president, corporate finance and investment services group, Coast Investment & Development Company said: “For the first time, UK and global institutional investors will have direct access to the Kuwait stock market.
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