ADX Plans GQG US Equity ETF Cross-Listing for November 19

Key Takeaways

• GQG US Equity ETF is expected to begin trading on ADX on November 19, following an offering period scheduled for November 9–13.
• The fund already trades on NYSE Arca and offers an actively managed US equity strategy.
• The planned cross-listing would expand locally available international investment products, while retaining exposure to US market and fund-management risks.

ADX Prepares to Add Another US Equity Investment Route

The Abu Dhabi Securities Exchange plans to cross-list the GQG US Equity ETF, expanding access to international equity strategies through the UAE’s capital market.

Announced on November 9, the initial offering period is scheduled to run from November 9 to 13, 2026. Trading on ADX is expected to begin on November 19.

The fund currently trades on NYSE Arca under the ticker GQGU. Its planned addition would bring ADX’s ETF offering to 27 funds and extend access to investors across member markets connected through the Tabadul network.

The timetable remains prospective. The announcement does not mean that secondary-market trading in the ETF has already started on ADX.

GQGU Offers Active Management Rather Than Index Tracking

Managed by GQG Partners, the ETF seeks long-term capital appreciation through investment in US equities.

Its approach assesses companies’ financial strength, earnings durability, management quality and future growth prospects relative to valuation. The manager also seeks to manage downside risk, although that objective does not prevent losses.

GQGU is actively managed and does not seek to replicate the S&P 500. Its holdings, sector allocations and returns can therefore differ materially from those of a broad US equity index.

This distinction matters when comparing products. Investors obtaining access to GQGU are gaining exposure to a manager’s investment decisions, rather than simply purchasing a passive representation of the US stock market.

Cross-Listing Expands Local Product Choice

The planned listing adds to the range of international exposures available through ADX.

For UAE market participants, the practical significance lies in having another locally listed instrument through which to access an overseas equity strategy. It also gives brokers and other market intermediaries an additional product to incorporate into their services.

However, a local listing does not change the economic exposure of the underlying portfolio. US corporate earnings, valuations, interest rates and broader market conditions will remain relevant to performance.

Nor does the announcement establish that the ADX trading line will offer lower total costs than other access routes. That comparison requires details on brokerage charges, spreads, custody arrangements and any applicable currency-conversion costs.

Liquidity and Pricing Will Matter After Trading Begins

Once trading starts, investors will be able to assess the local market’s trading volumes and bid–ask spreads.

These factors can influence execution costs independently of the fund’s underlying performance. The availability of an ETF on an exchange does not, by itself, establish that orders of every size can be executed efficiently.

The relationship between the market price and the value of the underlying assets will also matter. ETF shares can trade at premiums or discounts to net asset value, and brokerage commissions can reduce returns.

GQG’s fund materials additionally identify concentration and investment-selection risks. Active management creates the possibility of diverging from the wider market, including periods of underperformance.

November Listing Date Is the Next Milestone

The immediate focus is the scheduled close of the offering period on November 13, followed by the expected ADX listing on November 19.

Confirmation of admission to trading and the final local trading arrangements will provide a clearer basis for assessing how the cross-listing operates in practice.

The initiative broadens ADX’s international product offering and creates another route to a US equity strategy. Its usefulness to individual market participants will depend on fund characteristics, execution conditions and costs, alongside the performance of the underlying investments.

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