Following Saudi Arabia’s opening of its near $600 billion stock market to direct foreign investment, Goldman Sachs — which advises clients on over $1 trillion in investment — has applied to own and trade Saudi Arabian stocks, Bloomberg reports, citing people familiar with the matter. Goldman is seeking a qualified foreign investor permit from the Capital Markets Authority of Saudi Arabia, according … Continue reading
As Vietnam eyes an upgrade from frontier market status to emerging market status by MSCI, the nation has eased curbs on foreign ownership in an effort to boost inflows to the nation’s stocks, Bloomberg reports on Sunday. Foreign investors can now increase holdings to 100 percent from 49 percent starting in September in “a number” of industries, according … Continue reading