Invesco has unveiled a Ucits exchange-traded fund (ETF) that gives investors access to Kuwait’s equity market ahead of its inclusion in the MSCI Emerging Markets Index planned for the coming year.

Standard & Poor’s decision to upgrade Kuwait to its Global and Emerging Benchmark indices is likely to keep investment tailwinds strong, according to ETF issuer HANetf.

European independent white-label ETF platform HANetf has announced the debut of its KMEFIC FTSE Kuwait Equity Ucits ETF, which it claims is the first European ETF to offer pure play exposure to Kuwait equities.

Invesco’s MSCI Saudi Arabia UCITS ETF has become the largest exchange traded fund offering exposure to the region after raising $315 million in the eight months since its launch in June 2018.

Funds Europe’s annual report on the French industry looks at business over the past year, as firms respond to ever-greater pressure on fees and increased competition in an already competitive domestic market.