National Bank of Abu Dhabi to launch first ETF in United Arab Emirates

The United Arab Emirates’ (UAE) first exchange-traded fund (ETF) is expected to be launched by the National Bank of Abu Dhabi. Index provider Dow Jones has licensed the DJ GCC Titans 50 Total Return Index to the bank, which is waiting for regulatory approval to launch an ETF based on the underlying.

The ETF will be listed on the Abu Dhabi Securities Exchange. Through the underlying index, it provides exposure to 50 stocks from the states in the Gulf Cooperation Council, which comprises Bahrain

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