Mubasher: The Qatar Stock Exchange (QSE) on Monday, 5 March announced the beginning of trading on the Qatar Exchange Traded Fund (QETF).
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.
The fund is the first in Qatar and the largest in the GCC, according to the QSE’s statement.
Both Sheikha Hanadi Bint Nasser Al Thani, the founder and chairperson of Amwal, and Abdul Rahman B. Al-Thani, director and managing director at Doha Bank, in addition to QSE CEO Rashid Al Mansoori attended the bourse’s bell for launching the fund.
Exchange traded funds (ETFs) bring convenience to the investor, who may use existing local architecture (accounts, brokers, order types) to quickly invest in a new and diversified holdings set, according to the QSE.