News

UAE firm plans Abu Dhabi-listed ETF

Abu_DhabiADS Investment Solutions, a subsidiary of UAE-based financial firm ADS Securities, is planning to launch an ETF focused on Saudi Arabian equities. The fund will be based on the new FTSE ADS Custom Saudi Minimum Variance Index, developed in partnership with index provider FTSE Russell. It will be incorporated in the Abu Dhabi General Market and listed on the Abu Dhabi Securities Exchange. The chairman of ADS Investment Solutions, Mahmood Ebraheem Al Mahmood, said that the creation of a new fund platform will “open the door for local and regional investors, allowing them to capitalise on opportunities through trading in this local market”. Interest in Saudi equities has grown ever since the kingdom was promoted to emerging market status by a number of index providers including FTSE Russell – foreign investors have purchased a net $2.7 billion of Saudi stocks so far this year.  There are currently very few index tracking ETFs in the region and ADS claims that its new fund is the first cross-border ETF listed in the region and focused solely on Saudi stocks. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.