The Abu Dhabi Securities Exchange (ADX) is again delaying its first exchange-traded fund (ETF) until sufficient investor interest builds in the investment vehicle.
The infrastructure was in place to launch the product, with the exchange in discussions with a number of government-related entities and private companies interested in listing ETFs, said Rashed al Baloushi, the deputy chief executive and director of operations at the ADX.
Plans for ETFs have already been delayed by the ADX due to the global financial crisis, which pushed back the launch from the end of last year to this year. Mr al Baloushi declined to put a date on when the vehicle might be launched.
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