Lunate Capital Unveils New Chimera S&P Japan UCITS ETF For Diverse Investment

Lunate Capital Ltd, an Abu Dhabi-based global investment management firm, has announced the launch of the Chimera S&P Japan UCITS ETF. This exchange-traded fund (ETF) is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 29th May. The Fund will track the performance of the S&P Japan BMI Liquid 35/20 Capped Index (AED) (Custom), which includes the top 30 most liquid Japanese stocks listed on the Tokyo Stock Exchange.

Investors can subscribe through four Authorised Participants and via the ADX eIPO portal from 16th to 23rd May 2024. The Chimera S&P Japan UCITS ETF aims to provide investors with easy access to Japan's stock market, which is the third-largest globally and part of the fourth-largest economy. This initiative enables portfolio diversification within the robust Tokyo Stock Exchange.

The diversified portfolio includes key players in Japan's corporate landscape such as Toyota Motor, Sony, Mitsubishi, Honda, and Nintendo. It is designed to be particularly accessible to retail investors who might otherwise face barriers due to financial, infrastructure, or regulatory constraints. The ETF will be traded on the ADX in a manner similar to stocks, allowing investors to buy and sell shares throughout the trading day at prevailing market prices.

Sherif Salem, Partner and Head of Public Markets at Lunate, stated, "We are pleased to announce the launch of Lunate's third ETF this year, the 15th ETF on the UAE stock markets and the fourth to offer access to an Asian market. With just one account, investors can now create a diversified portfolio of equity and bond exposures across developed and emerging markets spanning nine countries representing the biggest and most liquid regional and global markets."

This new ETF by Lunate Capital represents a significant addition to their offerings, providing a strategic avenue for investors looking to diversify their portfolios with Japanese equities. The Chimera S&P Japan UCITS ETF is set to enhance investment opportunities within the UAE stock markets.

With inputs from WAM