Abu Dhabi ETF market hits DH1.4B in traded value
Exchange Traded Funds (ETFS) listed on the Abu Dhabi Securities Exchange (ADX) trading values have surpassed Dh1.4 billion year to date, making the exchange's ETFS the most liquid in the Arab world.
Year-to-date growth in the turnover of ADX'S ETF market was supported by more than 11,400 trades of 227 million units. This milestone reinforces ADX'S position as a leading regional ETF hub with the highest number of ETFS among regional exchanges, according to a statement.
The exchsange offers investors diverse investment options, including Shariah-compliant and geographically diverse funds. Since the first ETF was listed on the ADX in August 2020, the exchange is now home to seven ETFS with an 8th ETF, the Chimera FTSE ADX 15 ETF will be listed on November 24.
To support the increased demand for passive strategies and support the exchange's derivatives market, ADX partnered with FTSE Russell this year to create a suite of indices, including the introduction of the FTSE ADX Growth Market Index (FADGMI) in the third quarter. Launched in March 2022, the FADX 15 selects companies by free float adjusted market capitalization and median trading value.