Chimera Capital launches Shariah-compliant exchange traded fund tracking Turkey-listed equities

Chimera Capital launches Shariah-compliant exchange traded fund tracking Turkey-listed equities

- The ETF will be listed on the Abu Dhabi Exchange (ADX) and will offer investors direct access to the Turkish stock market

Abu Dhabi: Chimera Capital, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment, announced today the launch of the Chimera S&P Turkey Shariah ETF (Bloomberg: CHTRSHIN). The fund is a physical, in-kind, liquid and fully fungible exchange-traded fund (ETF), and will track the performance of Turkey-listed, Shariah-compliant securities.

The Chimera S&P Turkey Shariah ETF, the sixth sub-fund under the SCA-registered Chimera Umbrella Fund, will track the performance of the S&P Turkey Shariah Liquid 35/20 Capped Index (Bloomberg: SPTSLCAP). The index is provided by S&P Dow Jones Indices and tracks the performance of the most liquid Shariah-complaint stocks listed on the Borsa Istanbul.

Syed Basar Shueb, Chairman of Chimera Capital, commented: “The launch of Chimera Capital’s ninth ETF further broadens the range and diversity of the company’s listed ETF products which give investors access to multiple stock markets, and contributes to the further deepening and expanding of the UAE capital markets.”

Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of Abu Dhabi Securities Exchange said: “We are delighted to welcome another ETF listing by Chimera Capital on the exchange