Tuesday 6 March 2012

Abu Dhabi bourse set to target institutions - The National

Reliance on retail investors is the Achilles heel of Abu Dhabi's stock market, said the newly appointed chief executive of the exchange.

Rashed Al Baloushi, who assumed the role on Sunday, said he aimed to encourage greater participation of institutional investors.

"One of the biggest weaknesses we have is that most of the trading activity comes from retail traders," Mr Al Baloushi said. "We need to develop and strengthen asset management activity. It is a challenge, but it is reachable."

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