ADS launches Saudi smart beta fund

BetaAbu Dhabi-based fund manager ADS Investment Solutions (ADSI) is to launch what it claims is the first Saudi-focused smart beta fund. According to ADSI, the launch is a result of growing demand for investment vehicles with an exposure to Saudi stocks, following the inclusion of the Saudi stock exchange in a number of prominent emerging market indices. FTSE ADS Saudi Minimum Variance Fund has been developed in partnership with FTSE Russell and the two have jointly created the FTSE ADS Custom Minimum Variance Index upon which the fund be based. The US dollar-denominated fund will be domiciled in the Abu Dhabi Global Markets financial centre and provide daily liquidity with annual management fees of 0.40%. “Our wealth management and asset management clients are hungry for high-quality access to Saudi Arabian equities at a time when the economy is going through many positive change,” said  Ryan Lemand, senior executive officer and board member at ADSI. The fund launch is the “first step in making smart beta strategies widely available to investors in the region” said Lemand. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.