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Saudi Arabia has been climbing so quickly in a ranking that tracks flows into exchange-traded funds of developing countries this year that it could soon be witnessed taking the first position away from current leader India.If the net inflows for the last three months are considered alone, Saudi Arabia already appears on top of the ranking, with India following.The London-traded Invesco MSCI Saudi Arabia UCITS ETF, the largest ETF tracking Saudi shares, had net inflows of near $910 million in May, the most for a month since its inception last year, boosting its net for the year to $1.4 billion.
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