The iShares MSCI Saudi Arabia ETF saw record net outflows in October of more than $200 million, LSEG data shows, cutting 20% from what it held at the beginning of the month. Exchange traded funds (ETFs) providing exposure to stocks in Qatar, the UAE and Israel also suffered outflows, with investors worried about instability, and flows have been muted this month.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low