NBAD prepared for long haul on ETF fund-continued

March 1, 2012--Investors had little enthusiasm for National Bank of Abu Dhabi's exchange-traded fund (ETF) last year.
High expenses and a lack of appetite for the recently introduced OneShare Dow Jones UAE 25 ETF caused the investment vehicle to report a widened full-year loss of Dh3.06 million, from a loss of Dh726,974 the previous year. The fund was launched in April 2010.

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Source: The National

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