A new exchange traded fund (ETF) will list on Abu Dhabi’s ADX to track the performance of Indian stocks on Bombay Stock Exchange (BSE). Lunate Capital llc, licensed by UAE’s Securities & Commodities Authority (SCA), is the backer of ‘Chimera S&P India Shariah ETF’, which will be a liquid and ‘fully fungible’ ETF. The listing is scheduled for January 26. The Fund will track the performance of Shariah-compliant Indian equities listed on BSE. Investors can subscribe through the six ‘authorized part

A Gold Exchange Traded Fund or ETF is basically a fancy term for a mutual fund that owns real gold on your behalf. It’s digital, safe, and you can buy or sell it right from your Demat account just like a stock. But here’s the catch most investors don’t know…you still have to pay tax on your Gold ETF profits depending on how long you hold them. Just like stocks or mutual funds, the profit you make when you sell them is treated as capital gains. There are two types of gains — Short-Term Capital Ga