Gulf’s First ETF to Trade in Abu Dhabi Tomorrow

* username: rupertbu

The Persian Gulf’s first exchange- traded fund will open on the Abu Dhabi Securities Exchange tomorrow as the bourse and National Bank of Abu Dhabi PJSC seek to increase investment opportunities.

The NBAD OneShare Dow Jones U.A.E. 25 ETF will combine the 25 most traded stocks on the ADX General Index, the DFM General Index and Nasdaq Dubai, the bank’s Chief Investment Officer Alan Durrant said at a press conference in Abu Dhabi today. The shares must have a daily traded value of $500,000 to be included in the ETF, Durrant said.

The ETF “will be the first in the region, albeit by just a few days” said Tom Healy, chief executive officer of ADX.