Tuesday, 23 March 2010
Abu Dhabi exchange to list ETF this week
The Abu Dhabi Securities Exchange (ADX) will list its first exchange-traded fund (ETF) by the end of this week, Emirates Business 24-7 reported, citing an interview with the bourse's deputy chief.
Last week, Saudi Arabia approved the kingdom's first exchange-traded fund, accessible to foreigners as part of efforts to open up the biggest Arab bourse.
"We have readied well for the launch of the Exchange Trading Funds," Deputy CEO of ADX, Rashid Al Baloushi told Emirates Business Rashid Al Baloushi, ADX's deputy chief executive officer told Emirates Business.
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