The Abu Dhabi Securities Exchange Group marked the UAE’s first financial instrument listing of 2026 with the launch of the Boreas S&P Absolute Luxury UCITS ETF, highlighting the continued growth of the country’s exchange traded fund market.
As the region’s largest and most active ETF market, ADX said the listing reflects its focus on expanding access to innovative investment products and offering investors exposure to specialised global themes. The new fund provides access to the long-term growth potential of the global luxury sector.
The Boreas S&P Absolute Luxury UCITS ETF is the first luxury-focused ETF in the Middle East and the 21st ETF to be listed on ADX, further strengthening Abu Dhabi’s position as the region’s most active and diversified ETF hub.
The ETF was listed following an initial offering period held from January 15 to 21, during which investors subscribed to units of the fund. Unlike a traditional initial public offering, allocations during an initial offering period are typically based on investor demand and prevailing market conditions.
Developed by Abu Dhabi-based global investment management firm Lunate, the ETF offers exposure to 32 companies that benefit from long-term structural growth drivers, including rising global wealth and growing demand for premium travel and lifestyle experiences. The fund tracks the S&P Europe Luxury 35/20 Capped Index, which represents a total market capitalisation of Dhs5.2 trillion.
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