Abu Dhabi Securities Exchange (ADX) has listed the first ETF in the region, with the launch of the NBAD OneShare Dow Jones UAE 25 fund.
The ETF tracks the performance of the Dow Jones UAE 25 Total Return index, comprising 25 blue-chip companies from across the United Arab Emirates region. Dow Jones Indexes president Michael Petronella says: "Since the Dow Jones UAE 25 Index combines securities traded on the three local stock exchanges it reflects the broad view of the UAE in a single index." He adds: "The index is a transparent and liquid vehicle that provides passive exposure to this attractive market." The index's stock selection universe consists of equity securities traded on UAE stock exchanges, excluding fore...
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