ADX broadens its offering of products and services further

SourceGulf Today
SectorFinancial Markets
CountryUAE

The Abu Dhabi Securities Exchange (ADX) has broadened its offering of products and services further with the listing of Chimera S&P UAE UCITS ETF under the trading symbol (CHAEIN), a liquid, fully fungible, fully tradeable, and transparent exchange-traded fund (ETF), a sub-fund of the recently launched Chimera UCITS ICAV. The latest exchange-traded-fund (ETF) from Chimera Capital complements the Shariah- tracker version of the ETF listed on ADX in July. The latest ETF to be listed on ADX is a liquid, fully fungible, fully tradeable and transparent investment vehicle designed to track the performance of the S&P UAE BMI Liquid 20/35 Capped Index, an index which measures the performance of liquid UAE listed stocks. The index includes the largest stocks by capitalisation in the United Arab Emirates, providing broad exposure to the UAE economy.

The ETF's launch follows the introduction back in July 2020 of Chimera's first ETF, the Chimera S&P UAE Shariah ETF, which has now surpassed AED50 million...read more...