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Biggest Gulf ETF Eyes Growth as Rift Ends, World Cup Nears
Bloomberg 1/18/2021 Filipe Pacheco
(Bloomberg) The end of an embargo on Qatar has come at a handy time for the Gulf’s biggest equity-focused exchange traded fund, just as the gas-rich country is set to get a boost from hosting one of the world’s most popular events.
Inflows to the Doha-based Al Rayan Qatar ETF jumped when news of the potential normalization of relations with Saudi Arabia emerged late last year. Daily volumes surged earlier this month as the end of a three-year rift that also included the United Arab Emirates was finally confirmed.