Abu Dhabi Securities Exchange ETF market surpasses Dhs1.4bn in traded value

Exchange-traded funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX) trading values surpassed Dhs1.4bn year to date.

Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units.

This milestone reinforces ADX’s position as a leading regional ETF hub with the highest number of ETFs among regional exchanges, offering investors diverse investment options, including Sharia-compliant and geographically diverse funds.

Since the first ETF was listed on the ADX in August 2020, the exchange is now home to seven ETFs with an 8^th  ETF, the Chimera FTSE ADX 15 ETF to list on November 24.

To support the increased demand for passive strategies and support the exchange’s derivatives market, ADX partnered with FTSE Russell this year to create a suite of indices, including the introduction of the FTSE ADX Growth Market Index (FADGMI) in the third quarter.

Launched in March, the FADX 15 selects companies by free float-adjusted market capitalisation and median trading value.  In June, the exchange introduced FADX 15 futures to provide a new way for investors to facilitate risk management during periods of market volatility.

Read: UAE’s ADX launches FADX 15 Futures, the exchange’s first index derivatives  

Saeed Hamad Al Dhaheri, MD and CEO of ADX, said: “Reaching this new milestone on the exchange’s ETF market demonstrates the success of the ADX strategy in diversifying our suite of investment products available to investors on the exchange. ADX is committed to enhancing market efficiency and sustainable growth. The ADX ETF market is a testament to our commitment to being the exchange of choice for issuers and investors.”

 The market capitalisation of ADX recently crossed Dhs2.5tn, while the exchange’s benchmark index, FADX15, reached a new high with 10,500 points for the first time in ADX’s history.