Abu Dhabi lists first ETF

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...