Mizuho Financial Group Launches Largest Saudi Market-Focused ETF

Mizuho Financial Group announced on Thursday the launch and listing of the One ETF FTSE Saudi Arabia Index on the Tokyo Stock Exchange. This new exchange-traded fund (ETF) is designed to give Japanese investors direct access to shares in the Saudi financial market, managed by One Co. Ltd, a subsidiary of the Mizuho group.

Backed by initial investments from the Saudi Public Investment Fund and Mizuho Financial Group, the fund boasts an initial market value exceeding 15 billion Japanese yen (around 100 million USD). This makes it the largest Saudi-focused ETF on the Tokyo Stock Exchange, with an exclusive concentration on the Saudi market.

The introduction of this ETF marks a significant milestone in strengthening the ties between Japanese and Saudi financial markets. It offers Japanese investors greater opportunities to explore the dynamic and diverse Saudi stock market. Furthermore, this initiative underscores the deepening collaboration between the Saudi Public Investment Fund and Japanese investors, paving the way for more robust international cooperation and investment growth across both markets.

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