20.10.2008 - Abu Dhabi, Manama bourse to list ETFs in 2009
From Business24-7.ae: The bourses of Abu Dhabi and Manama plan to list the region's first exchange traded funds (ETFs) despite a slump in global markets, top officials of the bourses said. ETFs are investment vehicles that hold assets such as stocks or bonds and trade at almost the same price as the net value of its underlying assets over the course of the trading day. The Abu Dhabi Securities Exchange (ADX) plans to list at least two local and two foreign ETFs by early 2009, its top executive said, while Manama's securities market is aiming to launch ETFs in the first half, a Bahraini official said..... Full Article: Source
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