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ARTICLE · 10 SEPTEMBER 2010

First ETF Listed in the Persian Gulf

Dillon Eustace
Dillon Eustace
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In March 2010, National Bank of Abu Dhabi ("NBAD") established the first ETF listed in the Persian Gulf. In this article, the writer gives greater insight on the ETF and its investment strategy, the challenges in establishing the ETF and focuses on questions as to why the ETF is structured as a UCITS and why domiciled in Ireland.

IrelandStrategy
Brian Kelliher
Brian Kelliher
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In March 2010, National Bank of Abu Dhabi ("NBAD") established the first ETF listed in the Persian Gulf. In this article, the writer gives greater insight on the ETF and its investment strategy, the challenges in establishing the ETF and focuses on questions as to why the ETF is structured as a UCITS and why domiciled in Ireland.

NBAD OneShare Dow Jones UAE 25 ETF

The ETF, titled NBAD OneShare Dow Jones UAE 25 ETF, is a sub-fund of an Irish domiciled open ended umbrella collective investment scheme authorised as a UCITS by the Irish Financial Services Regulatory Authority (the "Irish Financial Regulator").

The United Arab Emirates Dirham Class of the ETF is listed on the Abu Dhabi Securities Exchange (the "ADX") which constitutes the Arab world's second largest bourse by market capitalisation. Consequently investors may buy shares of the ETF through brokers registered with the ADX.

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