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NBAD to launch exchange-traded fund
- United Arab Emirates: Tuesday, September 08 - 2009 at 15:22
National Bank of Abu Dhabi plans to roll out the first Gulf Arab exchange-traded fund, which will track some of the region's 50 largest stocks, Bloomberg has reported. The fund will be listed on the Abu Dhabi Securities Exchange and 'will give investors convenient and easy access to a basket of stocks across the region,' Giyas Gokkent, National Bank's chief economist and co-head of its asset management unit, told the news service. NBAD manages about $1.5bn for investors.
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StaffTuesday, September 08 - 2009 at 15:22 UAE local time (GMT+4)
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