According to a report by Henley & Partners, an international investment migration advisory firm, 120,000 millionaires relocated worldwide in 2023. This year, 128,000 are expected to make a move. Why is this important for those living in the UAE? Because the UAE has topped the list of destinations for the world's wealthy for the third consecutive year. By the end of 2024, a record 6,700 millionaires are expected to move to the Emirates, far surpassing the USA, where only 3,800 millionaires plan to settle. Report link - The Henley Private Wealth Migration Report 2024 When wealthy individuals migrate, they bring significant capital, boosting a country's forex reserves. So, if you're still unsure about investing in the UAE or are an investor concerned about recent market downturns, keep reading. This blog will provide an outlook on the future of the UAE economy and expectations for its stock market over the next decade. don't want to read. watch full video - here UAE...
Opportunity Knocks: ADX Launches ETF to Invest in India from the UAE! | Shariah Complaint Investment |
In a significant stride towards expanding the investment horizon in the United Arab Emirates (UAE), a new Exchange-Traded Fund (ETF) has been launched on the Abu Dhabi Securities Exchange (ADX). This development marks a pivotal moment for both seasoned investors and newcomers to the financial market in the region. In this article, we will delve into the world of ETFs, exploring what they are, how they work, and how they differ from traditional Mutual Funds. Additionally, we will highlight the specific benefits of investing in this new ETF for UAE residents, expatriates, and the vibrant Indian community residing in the UAE. Understanding ETFs An Exchange-Traded Fund (ETF) is an investment fund that is traded on stock exchanges, much like individual stocks. ETFs are designed to track the performance of a specific index, commodity, bonds, or a basket of assets. This unique investment vehicle offers investors the opportunity to diversify their portfolios across various asset classes wit...