Abu Dhabi Bourse to Introduce ETF Next Month, Futures Later - Bloomberg:
Abu Dhabi Securities Exchange will list an exchange-traded fund next month and is planning to introduce derivatives such as futures contracts soon, the bourse’s chief executive officer said.
The exchange in the capital of the United Arab Emirates is close to setting up a central clearing house, which is a prerequisite for derivatives trading, Khaleefa Al Mansouri said in an interview. Investment banks will probably be able to buy and sell them for customers next year, he said.
The ETF will be sharia-compliant and it will also followed by a real estate investment trust, he said.
“Infrastructure-wise, we are ready to receive any of those,” he said on Wednesday. “We are in talks with several investors to introduce REITs.”
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