Mubasher: The first exchange traded fund will be listed on the Qatar Stock Exchange (QSE) next Thursday, 22 February 2018, sources familiar with the matter said on Sunday.
The Qatar Exchange Traded Fund (QETF) is a subsidiary of Doha Bank in partnership with Amwal Co. and the Group Securities which would act as fund manager and liquidity provider, respectively.
QETF will track the 20-stock Qatar Index in terms of the market capitalization and liquidity.
“Once approved by QFMA (Qatar Financial Market Authority), the (proposed) ETF product would list on the QSE and provide investors with exposure to the index benchmark with a single trade,” said Doha Bank group CEO R Seetharaman.
QETF is the first listed, tradable, fully fungible, liquid, and transparent exchange-traded fund in the MENA region.
