Abu Dhabi Securities Exchange Plans To Launch ETFs
June 15, 2009 2:03 am
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According to a report in Emirates publication Business 24/7, the Abu Dhabi Securities Exchange (ADX) plans to launch its first ETFs later this year.
The launch was originally planned for 2008, then for the first quarter of this year, according to ADX executives quoted in the report, but was delayed by global market turmoil. The funds’ debut is now targeted for the second half of 2009. Plans are in place to launch four exchange-traded funds, sponsored by the state-owned National Bank of Abu Dhabi, according to ADX officials.
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