ADX Opens 2026 With Listing of Region’s First Luxury Sector ETF

Abu Dhabi Securities Exchange Group has marked the UAE’s first financial instrument listing of 2026 with the launch of the Boreas S&P Absolute Luxury UCITS ETF, the region’s first exchange traded fund dedicated to the global luxury sector.

Developed by Abu Dhabi-based global investment management firm Lunate, the fund provides exposure to 32 companies linked to long-term luxury demand and tracks the S&P Europe Luxury 35/20 Capped Index. The listing follows an initial offering period that ran from January 15th to 21st, during which investors subscribed to fund units.

With the new debut, the ETF becomes the 21st exchange traded fund listed on the Abu Dhabi exchange and the fourth thematic ETF available on the market. Abu Dhabi Securities Exchange Group said the listing expands its growing product suite and adds a new investment theme to regional capital markets.

Holdings in the fund include global luxury names such as LVMH, Richemont, Hèrmes, Ferrari and L’Oréal, spanning sectors including fashion, jewellery, hospitality and automotive. The underlying index represents a combined market capitalisation of approximately AED 5.2 trillion.

At the end of 2025, total ETF market capitalisation on the Abu Dhabi exchange reached AED 33 billion, reflecting significant growth compared to the previous year, as the exchange continues to expand its range of listed investment products.