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State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Acc)
State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Acc) is an actively managed exchange-traded fund domiciled in Ireland and issued by SPDR under State Street Global Advisors. It seeks to deliver returns exceeding the performance of Saudi Arabian equities over the medium to long term, benchmarked against the S&P Saudi Arabia BMI 5/10/40 Capped Index. The fund employs a systematic multifactor quantitative model for stock selection, incorporating factors like quality, value, and market sentiment to invest primarily in large, mid, and small cap equity securities listed on recognized markets in Saudi Arabia. Key sectors include financials, materials, energy, and communication services, with top holdings featuring major banks and companies such as Saudi National Bank, Al Rajhi Bank, and Saudi Arabian Oil Co. As a UCITS-compliant accumulating ETF in USD, it reinvests dividends and targets European and international investors seeking targeted exposure to Saudi Arabia's evolving equity market through a data-driven active strategy.