The Saudi Stock Exchange (Tadawul), in collaboration with leading information, analytics and solutions provider IHS Markit, developed iBoxx Tadawul SAR Government Sukuk & Bond Index and iBoxx Tadawul SAR Government Sukuk Index Series, which is divided into maturity sub-indices, according to a bourse statement.
These indices provide transparency to the Saudi local-currency government Sukuk and bond market performance.
As part of the primary tools of active and passive investment managers, these indices can be used by dealer banks, ETF issuers, buy-side investment firms and third-party vendors to benchmark portfolio performance and risk, Tadawul added.
Furthermore, ETFs and Mutual Funds linked to these indices can provide a transparent, cost effective way to gain exposure to local currency Saudi government Sukuk and bond market, it noted.
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