The Abu Dhabi Securities Exchange (ADX) is postponing plans to launch exchange-traded funds (ETFs) due to market conditions, its chief executive said yesterday.
Speaking during an international investment forum in Abu Dhabi, Tom Healy said the global financial crisis had delayed plans to introduce ETFs but stressed such plans remain on track.
ADX had already delayed the launch of ETFs from the end of 2008 to the first quarter of 2009, and then again to April.
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