Abu Dhabi Securities Exchange (ADX), the largest and most active exchange for Exchange Traded Funds (ETFs) in the region, recorded the first financial instrument listing in the United Arab Emirates for the year 2026. The listing of the Baurias S&P Luxury Commodities ETF was registered, confirming the continued momentum of the growing ETF ecosystem in the country. This step reflects ADX's deep commitment to expanding access to innovative investment products and enabling its growing base of investors to benefit from specialized global investment options, including the long-term growth of the global luxury goods sector. The fund was listed after an initial offering period from January 15 to 21, during which investors subscribed to units of the fund. Unlike traditional initial public offerings (IPOs), allocations in an initial offering typically reflect the size of investor demand, subject to market conditions. The fund was developed by Loomit Investment Management, based in Abu Dhabi, to provide exposure to 32 companies that benefit from structural growth drivers, such as rising global wealth and increasing demand for premium travel and lifestyle experiences. The fund seeks to track the performance of the S&P Europe Luxury 35/20 Capped Index, which represents a total market capitalization of 5.2 trillion dirhams. The fund's components include global luxury brands such as LVMH (Louis Vuitton, Dior, Fendi, Tag Heuer), Richemont (Cartier, Van Cleef & Arpels, Montblanc), as well as Hermès, Ferrari, and L'Oréal, covering the fashion, jewelry, hospitality, and automotive sectors. Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, stated that this listing marks the first public offering and listing of a financial instrument in the UAE for the year 2026. The Loomit fund, specializing in the luxury sector, offers a new option that enhances distinguished investment opportunities in Abu Dhabi and the region at large. With 21 listed ETFs to date and a growing product suite, we continue to expand our investment offerings through strong partnerships and world-class products, which supports portfolio diversification and income generation, while also reinforcing Abu Dhabi's transition to a knowledge and investment-based economy. Sherif Salim, Partner and Head of Markets at Loomit, said: "We are pleased to list our third specialized ETF on the Abu Dhabi Securities Exchange, reflecting our commitment to providing attractive investment opportunities for investors in the UAE. The Baurias suite was designed to cover investment themes with long-term growth potential, supported by rising global trends in this sector." The Baurias S&P Luxury Commodities ETF allows investors to benefit from the significant growth in global wealth, which is expected to drive demand for luxury goods from a new class of consumers. ETFs continue to offer substantial opportunities for achieving stable returns and building wealth over the long term, a trend also reflected in the Abu Dhabi Securities Exchange, where the market capitalization of ETFs reached 33 billion dirhams by the end of 2025, an increase of nearly forty-fold compared to the same period in 2024.
