Thursday, November 24, 2022 – 2:41 PM
ABU DHABI, 24th November, WAM / The Abu Dhabi Securities Exchange (ADX) launched the new commercial identity of its ETF market, in conjunction with the listing today of a new investment fund that follows the “FTSE Abu Dhabi Market 15” index (Vadax 15), the reference index for the Abu Dhabi Securities Market. Its launch in March 2022.
The new commercial identity of the Abu Dhabi Securities Exchange Traded Funds platform, which had been officially launched in 2020, was launched with a ceremony to ring the starting bell in conjunction with the listing and start of trading in the units of the new traded investment fund “Chimera FTSE Abu Dhabi Market 15” in the ETF market, to be the eighth A fund of this type is listed on the platform.
The Chimera FTSE Abu Dhabi Market 15 Fund follows the performance of the stocks of the companies that make up the “Vadax 15” index, providing promising investment opportunities for investors who aim to grow their investments by investing long-term in a diversified basket of shares of the largest companies in the Abu Dhabi Securities Exchange.
The platform for traded investment funds under the new commercial identity will continue to provide investors with enhanced liquidity and enhance the ability of the Abu Dhabi Securities Exchange to innovate and provide world-class investment trading strategies covering a variety of investment instruments. Trading in these funds continues to rise, supported by the advanced infrastructure of the Abu Dhabi Securities Exchange and its strategy to continue innovation, enhance and expand investment options and solutions.
The value of trading in the Abu Dhabi Securities Exchange traded investment funds market exceeded 1.5 billion dirhams, making it the most active and liquid fund market compared to similar markets in the Middle East and North Africa. This market provides investors with a variety of options, including Sharia-compliant funds and diversified funds in terms of their geographical coverage. The Abu Dhabi Securities Exchange witnessed significant growth from the beginning of the year to date in the value of trading in its ETF market, as the number of trading deals amounted to regarding 12,500 thousand trading transactions for 243 million units of the funds.
This great activity and remarkable growth will consolidate the position of the Abu Dhabi Stock Exchange as a preferred destination and a major regional center for traded investment funds, as well as support its great ambitions to attract and list traded investment funds from global issuers.
Saeed Hamad Al Dhaheri, Managing Director and CEO of the Abu Dhabi Securities Exchange, said, “What distinguishes us most as a leading financial market in the region is our continuous ability to innovate and offer a diverse and growing range of investment opportunities. The increase in trading activity in the exchange traded funds platform and the listing of the eighth fund ‘Chimera’ also enhances FTSE Abu Dhabi Market 15 ‘The position of the Abu Dhabi Securities Exchange as a regional center and a preferred destination for listing traded investment funds. As part of the implementation of our ambitious strategy, we will continue to work on expanding our diversified investment product range, enhancing market efficiency and driving its sustainable growth.’
Abdel Nasser Menem / Ramy Samih
