"Lonit" S&P Japan Chimera Fund launches and lists on Abu Dhabi Market May 29
ABU DHABI, 16 MAY / WAM / Lunit Capital Limited, the global investment management company headquartered in Abu Dhabi, announced the launch of the Chimera Standard & Poor’s Japan Eustace ETF, a cash and in-kind ETF whose units are fully exchangeable. It will be listed on the Abu Dhabi Securities Market on May 29.
The fund will track the performance of the “S&P Japan BMI Liquid 35/20 Capped Index” (AED), which includes the 30 largest and most liquid Japanese stocks listed on the Tokyo Stock Exchange.
Investors can subscribe to the fund through four accredited delegates, in addition to the Abu Dhabi Securities Market’s electronic investor portal “ADX eIPO” from May 16 to 23.
The fund will provide investors with the ability to invest in the third largest stock market and fourth largest economy in the world, allowing them to diversify their investment portfolios on the Tokyo Stock Exchange.
This diversified portfolio includes some of the most prominent Japanese companies, such as Toyota Motors, Sony, Mitsubishi, Honda, and Nintendo. The fund was designed to allow individual investors in particular the ease of investing away from… Obstacles resulting from certain financial, regulatory or structural constraints.
The fund will be traded on the Abu Dhabi Securities Market according to a mechanism similar to stock trading, as it will enable investors to buy and sell shares during the trading day at market prices.
Sherif Salem, Partner and Director of the Public Markets Department at Lunit, said that this fund is Lunit’s third ETF to be launched this year, the company’s 15th in the UAE financial markets, and the fourth that provides the possibility of investing in the Asian market.
He pointed out that using only one account, investors can create a diversified portfolio of stocks and bonds within developed and emerging markets that include 9 countries that represent the largest and most liquid regional and global markets.
- For more: Elrisala website and for social follow us on Facebook
- Source of information and images “wam“
