National Bank of Abu Dhabi (NBAD) plans to list a unique exchange-traded fund (ETF) on the capital’s bourse, which will track the region’s largest and most actively traded stocks.
The lender is in talks with regional regulators, exchanges, distributors and brokers, and expects to launch the product “within the next few months”, a senior executive said.
While a few ETFs are listed in the Gulf, the Pan-GCC ETF would be the first to span the region, giving investors exposure to securities on numerous exchanges through a single fund.
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