Abu Dhabi’s Afkar to list new UAE ETF on Dubai bourse
Abu Dhabi’s Afkar Capital plan to list UAE ETF this week. The asset management company is starting the first fully fungible, fully tradeable and transparent exchange-traded fund listed in the Middle East under the UAE’s new regulations. ETF is set to list on Dubai Financial Market on 29 June under the symbol UAETF. It is designed to replicate S&P UAE BMI Liquid 20/35 Capped Index. Index includes UAE’s largest stocks by capitalisation. (Bloomberg)
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