Capex.com, an online trading platform in the Middle East, has expanded its asset class offering with the addition of a new suite of Exchange-Traded Funds (ETFs) tailored specifically for the United Arab Emirates (UAE) and Saudi Arabian markets.
This is part of the broker’s strategy to provide regional investors with diverse and region-specific investment opportunities, it said.
The newly introduced ETF stocks provide investors in the UAE and Saudi Arabia with a convenient and efficient way to access a broad spectrum of local UAE and Saudi stocks, offering a well-balanced and diversified approach to investment.
Capex.com’s ETFs are curated to align with the economic landscapes and investment preferences of these regions. The offering includes the iShares MSCI UAE ETF which tracks the investment results of an index composed of UAE stocks such as Emirates Telecom, Emaar Properties and Dubai Financial Market.
ETFs launched for Saudi Arabian market
In Saudi Arabia it is the iShares MSCI Saudi Arabia ETF which tracks the investment results of a broad-based index composed of Saudi Arabian stocks such as The Saudi National Bank, Saudi Telecom and Saudi Arabian Oil.
Madalina Rotaru, Senior Executive Officer at Key Way Markets, the company under which Capex.com operates in the UAE, expressed enthusiasm about the launch, stating, “We are thrilled to introduce these new ETF’s, which we have added to our trading platform specifically for our investors in the UAE and KSA. This launch aligns with Capex.com’s mission to democratize access to global financial markets and provide our clients with innovative investment solutions that cater to their unique needs.”
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Exposure to Gulf sectors poised for growth
Rotaru emphasised that diversification is a cornerstone of successful investing: “We recognize the importance of offering our clients a broad spectrum of investment options,” she explained. “These new ETFs are carefully crafted to capture the essence of the economic developments in the UAE and KSA, providing investors with exposure to sectors poised for growth. We believe that by taking a localized approach, we can better serve the unique investment objectives of our clients in these regions.”
Investors can capitalize on a diverse range of assets, spanning industries and sectors, enhancing their ability to create resilient and well-rounded investment portfolios.
Capex.com said it plans to remain very active in the financial technology revolution, enhancing its offerings to meet the evolving demands of the investment landscape. The introduction of the UAE and Saudi Arabia stocks ETF’s is part of its strategy to build on its position as a specialist in providing cutting-edge investment tools to a global clientele.
