ADX lists its eighth ETF
The Abu Dhabi Securities Exchange (ADX) has launched its rebranded ADX exchange traded fund (ETF) market.
This step was taken after the introduction of an ETF tracking the FADX 15 — the exchange's benchmark index launched in March 2022 — which listed on Wednesday.
The launch of ADX'S rebranded ETF platform was marked with a bell-ringing ceremony, coinciding with the listing of Chimera FTSE ADX 15 ETF (CHADX15) onto the ETF market, representing the eighth listed ETF on the ADX.
The CHADX15 will mimic the performance and track shares of the companies that make up the composition of the FADX 15 index. With total traded value surpassing Dh1.5 billion, the ADX'S ETF market represents the most liquid and active in the Middle East and North Africa.
The ADX has witnessed strong year-to-date growth in the ETF market's trading activity with around 12,500 trades of 243 million units.