Abu Dhabi ADX to create more foreign investors with blue-chip index of 15 liquid stocks
April 27, 2022
Abu Dhabi securities exchange (ADX) and FTSE Russell developed a long-standing partnership where you can experience the world-class index expertise in the UAE exchange. Further, it sets the benchmarks for the growing capital market eco-system. This partnership has been a world-class suite that meets all the needs of both investors and retail in the local and global market.
Now, these indexes are specially designed to motivate the market participants with transparent performance benchmarks and robust analytical tools.
Next, in the FTSE index series is specifically designed to understand the performance of companies listed on ADX. Investors access the complimentary and comprehensive set of indexes that obviously measure the performance of major capital or industry segments present in the Abu Dhabi Stock exchange(ADX)
FADX15 goes live
In this series, 15 of the largest and liquid stocks in ADX will have an index to themselves such as FTSE ADX 15 or FADX 15. The fifteen companies are selected by combining the median daily trading value and free float adjusted market capitalization.
The blue-chip index was launched on March 30th , this ultimately supports the ADX’s latest derivatives in the market, creation of ETF or exchange trade funds and finally, other investment vehicles.
In the last year, ADX launched a strategy to bring more international investors and improve liquidity. The recent launch of blue-chip has led to the growth of asset class offerings, single stock futures in the last quarter of2021.
FADX 15 will act as the base for new index products on ADX this year. The managing director Saeed Hamad Al Dhaheri mentioned that the recent partnership with FTSE Russell develops a vibrant liquid capital market that ensures sustainable growth towards the investors across the world.
The index has been particularly designed to support new investments, providing more opportunities for international and domestic investors.