Doha Bank aims to launch ETF in Qatar

Launch-ribbon-cuttingDoha Bank plans to launch an exchange-traded fund (ETF) tracking an index of Qatari equities on the Qatar Exchange. If it is approved by the Qatar Financial Markets Authority (QFMA), the ETF will provide transparent access to the Qatar Exchange index, which tracks the 20 most highly capitalised and liquid stocks on the exchange. Doha-based Amwal Asset Management will manage the ETF while brokerage firm The Group Securities will provide liquidity. "The growth in ETFs internationally is unbridled and we have an exciting pipeline of ETFs being developed here in Qatar," says Rashid Al Mansoori, chief executive of the Qatar Exchange. The Qatar Exchange index has risen more than 10% in the last twelve months, according to data from Bloomberg ©2015 funds global mena

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