Dubai Financial Market Welcomes the Listing of Afkar Capital’s ETF

Proshare - Facebook Proshare - Twitter Proshare - Linked In Proshare - WhatsApp

Wednesday, June 29, 2016 9.21AM / DFM ETF  

Dubai Financial Market (DFM) today welcomed the listing of Afkar Capital’s Exchange Traded Fund (ETF), (Afkar S&P UAE UCITS ETF) under the trading symbol “UAETF”.


The fund has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index, which includes the largest stocks by capitalization in the United Arab Emirates.


It is noteworthy that the reference price of the ETF units will be updated on a daily basis prior to the trading session as per the up-to-date indicative Net Asset Value (iNAV). The price limits of 15% up and 10% down are applied on the ETF units from the first day of listing.


The fund is regulated under the European Union’s UCITS Regulation and is governed by the rules and regulations of the Securities and Commodities Authority (SCA), the DFM, the Abu Dhabi Global Market ADGM, and the Central Bank of Ireland. 


Related News 

1.  For more information, visit the DFM ETFs webpage here or the Afkar Capital’s ETF webpage;  

2.   New PowerShares Equity Index ETF Launched On Xetra; Tracks Firms from Emerging Countries

3.      Nigeria’s New Gold ETF Returns 16.27% in Q1 2016

4.      Stanbic IBTC Asset Mgmt Announces Closure of Register for Its ETF 30

5.  Cross listing of Exchange Traded Funds on African Exchanges opens door for Nigeria, Kenya and SA

6.      African Exchanges Move to Improve Liquidity; Plans Cross Listing of ETFs

7.      CORRECTION: Vetiva Griffin 30 ETF Redeems 5,000,000 Units of Securities


Related News