Chimera Capital unveils ETF focused on Kuwait’s equity markets – The National

Chimera Capital unveils ETF focused on Kuwait’s equity markets – The National

Chimera Capital, an Abu Dhabi asset management company and subsidiary of Chimera Investments, is introducing a Sharia-compliant exchange-traded fund that will give investors access to Kuwait’s equity markets.

The Chimera S&P Kuwait Sharia ETF will be listed on the Abu Dhabi Securities Exchange under the Income Share Class B category and will track the performance of the top 15 most liquid Sharia-compliant equities on the Boursa Kuwait, the company said on Monday.

“The listing of the Chimera S&P Kuwait Sharia ETF reflects ADX’s efforts to promote cross-border investments and provide unique growth opportunities,” said ADX managing director and chief executive Saeed Al Dhaheri.