Investors show little appetite for new ETF

A little more than a month after the launch of the first exchange-traded fund (ETF) in the UAE, investors are showing little enthusiasm.

After peaking on April 15 when 150,000 shares traded, volumes have slipped for the OneShare Dow Jones UAE 25 ETF. There were 25,000 shares traded yesterday.

An ETF tracks a basket of stocks or commodities but trades like an individual share. In this case, the OneShare ETF includes the top 25 publicly traded companies in the region.