Key Details

• Singapore Exchange (SGX) has officially listed the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF, anchored by Saudi Arabia’s Public Investment Fund (PIF).
• The ETF offers Singaporean and ASEAN investors direct exposure to Saudi fixed-income instruments via the J.P. Morgan Saudi Arabia Aggregate Index.
• Initially launched on Deutsche Börse in December 2024, the ETF is also listed on the London Stock Exchange and Borsa Italiana (Milan) — reflecting its steady expansion across major global financial hubs.

Why It Matters for Gulf–ASEAN

This listing marks a significant step in Saudi Arabia’s capital market internationalisation, granting ASEAN investors unprecedented access to the Kingdom’s sovereign and quasi-sovereign bonds.

It also reinforces PIF’s Vision 2030 strategy — to attract diversified foreign investment and build stronger financial bridges between the Gulf and Asia.

For Singapore, the move strengthens its position as a regional gateway for Gulf capital, complementing its growing role in Middle East–Asia trade and investment flows.

What It Means for the GAE Community

• Portfolio Expansion: ASEAN fund managers can now integrate Saudi fixed income into diversified investment portfolios.
• Reciprocal Market Access: Gulf investors gain a clearer path to ASEAN capital markets through cross-listing mechanisms.
• Financial Infrastructure Growth: The listing demonstrates progress toward a seamless Gulf–ASEAN investment ecosystem, where regional exchanges and institutions collaborate to enable long-term capital flow.

🔗 Source: SGX Group Media Centre