Lunate And Wio Invest Launch Digital Collaboration To Enhance Wealth Creation For UAE Investors

Wio Securities LLC has unveiled a collaboration between Wio Invest and Lunate, an alternative investment manager based in Abu Dhabi. This partnership aims to offer UAE investors automated and innovative investment options. Through this initiative, Wio Invest introduces recurring orders for Lunate Chimera ETFs, marking a first in the UAE. Investors can now automate weekly or monthly purchases of these ETFs in UAE Dirhams, fostering consistent investing habits.

The introduction of recurring orders is designed to help both seasoned and new investors build long-term portfolios. By automating investments at a predetermined amount, users can develop disciplined investing habits. The Chimera ETF suite by Lunate offers access to a broad spectrum of local, regional, and global markets, enhancing portfolio diversification for investors.

Marwan Binhashim, General Manager of Wio Securities LLC, expressed enthusiasm about the collaboration. "Our collaboration to introduce Lunate Chimera ETFs on Wio Invest marks a significant milestone in empowering UAE residents with diversified, innovative, and easy-to-use investment tools," he stated. The addition of recurring orders aligns with their commitment to providing a user-friendly platform that helps investors grow their wealth confidently.

Sherif Salem from Lunate highlighted the benefits for Wio clients: "We are pleased to offer Wio clients seamless, digitally driven access to 17 Chimera exchange-traded funds (ETFs) listed and traded on UAE stock markets." These ETFs cover 10 stock markets and two fixed-income products in UAE dirhams. This setup allows investors to diversify globally while maintaining investments in local currency.

The Chimera ETFs provide exposure to seven emerging equity markets and three developed ones, along with fixed income options. This empowers investors to diversify their portfolios globally while investing in UAE dirhams. Salem emphasized that this initiative underscores their dedication to delivering solutions that enhance flexibility and accessibility to global markets.

Abdulla Salem Alnuaimi from Abu Dhabi Securities Exchange (ADX) commented on the partnership's significance: "At ADX, we are committed to advancing the UAE’s capital markets by fostering innovation and collaboration that enhances investor opportunities." He noted that the partnership supports ADX’s mission by enabling automated portfolio building through recurring orders of Chimera ETFs.

Operating under a robust regulatory framework, Wio Invest is fully regulated by the Securities and Commodities Authority (SCA). This ensures all transactions are secure, reflecting their commitment to investor protection. Their vision is to be the leading platform in the UAE for innovative and accessible investment solutions.

This collaboration between Wio Invest and Lunate represents a step forward in providing diverse financial market access. By offering automated investment tools like recurring orders for Chimera ETFs, they empower investors with consistent strategies for wealth growth.

With inputs from WAM