New Abu Dhabi ETF is first to track Middle Eastern stocks

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

The NBAD OneShare Dow Jones UAE 25 ETF, issued by the National Bank of Abu Dhabi, will primarily be sold to investors in the region, most of whom are expected to be institutional investors, though the Ucits III structure means it is open to investors in Europe.

“The ETF is unique because it is providing exposure to the Abu Dhabi and Dubai sto