First Middle East ETF hails the start of market growth in the region

Abu Dhabi will be accessible to investors through new ETF

The first exchange-traded fund (ETF) for the Middle East has been created, enabling local and foreign investors to get access to the stocks traded on the UAE exchanges.

The NBAD OneShare Dow Jones UAE 25 ETF, which is issued by the National Bank of Abu Dhabi, will primarily be made available to investors in the region, the majority of which are expected to be institutional investors, but the Ucits III compliant structure means that it is open to investors from Europe.

"The ETF is unique because