ADX Announces Listing Of Chimera S&P Germany UCITS ETF To Enhance Investor Access To German Equities

The Abu Dhabi Securities Exchange (ADX) has announced the listing of the Chimera S&P Germany UCITS ETF. This new offering allows investors to access the German equity market, known for its stability and size. The ETF, launched by Lunate Capital, tracks the S&P Germany BMI Liquid 35/20 Capped Index, which includes 30 of Germany's most liquid companies.

Investors can now engage with a diversified portfolio featuring major corporations like Siemens, Allianz, Lufthansa, Mercedes-Benz, and Bayer. The ETF structure provides easier access to foreign equities than direct investments, especially for retail investors. It also offers intra-day liquidity similar to stocks, facilitating buying and selling on ADX through brokerage accounts.

Abdulla Salem Alnuaimi, Group CEO of ADX, expressed satisfaction with the ETF's listing. "We are pleased to welcome the Chimera S&P Germany UCITS ETF to ADX," he stated. This marks the fifth ETF listing this year and the 15th overall on ADX. As a first in the GCC region, it offers investors access to Europe's dynamic economy across sectors like automotive and healthcare.

The listing aligns with Abu Dhabi’s strategic vision for economic diversification. It reinforces ADX's role in providing innovative investment opportunities while fostering a robust market environment. The introduction of this ETF is part of ADX's ongoing efforts to expand its product suite and broaden market reach.

Sherif Salem from Lunate highlighted this milestone for their firm: "Today marks an exciting milestone for Lunate as we list the Chimera S&P Germany UCITS ETF on the ADX." This is the 17th ETF listed on UAE stock markets. It reflects Lunate’s dedication to enhancing investor access to customised products and solutions.

Salem emphasised that this ETF provides a unique opportunity for investors to tap into one of Europe’s largest economies. He also mentioned plans to expand their ETF offerings in the UAE further. This aims at attracting a broader investor base and contributing positively towards developing national financial markets.

ADX: A Regional Leader in ETFs

In recent years, ADX has emerged as a leading exchange for ETFs in MENA due to significant growth in trading value and volume since early 2024. Data reveals that ETF trading reached AED1.863 billion within eight months this year alone.

With around 450.7 million units traded over nearly 20,000 transactions during this period, ADX continues demonstrating leadership as a regional hub for ETFs. This performance underscores its commitment towards expanding product offerings while attracting global issuers.

The introduction of Chimera S&P Germany UCITS ETF signifies another achievement for ADX by broadening its market reach further still evolving dynamically into an inclusive exchange fostering growth whilst maintaining dedication towards providing diversified investment opportunities globally.

With inputs from WAM