Merrill Lynch launches Dubai investable index

Merrill Lynch has launched the first investable index based on shares listed on the Dubai Financial Market (DFM) with a view to encouraging the creation of structured products and derivatives.“Merrill plans to create and make a market in derivative-linked products to the index which will allow portfolio managers in the Middle East and North Africa to manage their risk more efficiently," Bob McCann, vice-chairman and president of Merrill Lynch's Global Private Client (GPC) group told reporters. T