NBAD set to enhance region's first ETF
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NBAD set to enhance region's first ETF

NBAD set to enhance region's first ETF

The National Bank of Abu Dhabi (NBAD) has announced plans to implement enhancements to the region's first exchange trade-fund (ETF), the NBAD OneShare Dow Jones UAE 25 ETF (1UAE), Khaleej Times has reported. The enhancements will shift the benchmark provider to MSCI UAE IMI 10/40 Index from Dow Jones UAE 25 Total Return Index (Local), and will also move to physical replication from swap based replication.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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