Afkar Capital launches first ETF under new UAE regulations | GulfNews.com

Afkar Capital launches first ETF under new UAE regulations | GulfNews.com:

"Afkar Capital Limited, the Abu Dhabi-based asset management firm has launched the Afkar S&P UAE UCITS ETF, the first liquid, fully tradeable and transparent exchange-traded fund listed under the UAE’s new regulations.

The exchange traded fund (ETF) will list on the Dubai Financial Market (DFM) on Wednesday June 29, under the symbol ‘UAETF’ and has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index.

The index includes the largest stocks by capitalisation in the UAE, providing exposure to the UAE economy. There are no entry or exit fees in the secondary market.

"



'via Blog this'