Tuesday 30 October 2012

Two-week suspension for trade of NBAD's ETF during restructuring - The National

National Bank of Abu Dhabi's exchange traded fund (ETF) of UAE equities will be suspended for trading for two weeks next month to complete a restructuring process.

When it resumes trading, the fund will buy equities directly through the market rather than derivatives.

The lender also plans to switch the fund's benchmark from Dow Jones to MSCI.

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