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Abu Dhabi to develop market for ETFs in 2009

Posted on 19 January 2009

From Bloomberg: The Abu Dhabi Securities Exchange plans to develop markets for exchange traded funds, debt securities and derivatives this year after trading volumes declined in 2008 and foreigners reduced their investments.

Total traded volumes on the exchange fell 4 percent to 49.9 billion shares from the year-earlier period, while the percentage of stocks owned by foreigners dropped to 9 from 13 in 2007, the bourse said today in an e-mailed statement….. Full Article: Source


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