Chimera Capital lists ETF in Dubai, Abu Dhabi stock exchange

Chimera Capital lists ETF in Dubai, Abu Dhabi stock exchange

Abu-Dhabi-based asset management firm and subsidiary of Chimera Investments, Chimera Capital, listed its Umbrella Exchange Traded Fund (ETF) - Chimera S&P UAE Shariah ETF - on Abu Dhabi Securities Exchange and Dubai Financial Market.The fund replicates the S&P UAE Domestic Shariah Liquid 35/20 Capped Index, including the UAE largest stocks by market capitalization. The Class B units have been listed on the DFM under the trading symbol (CHAESHIN).The fund's Class B distributes to investors any collected dividends from investments in companies included in the S&P UAE Shariah Index, which tracks the performance of UAE liquid equities, enabling investors to unlock opportunities of a new and promising asset class in the UAE financial markets.Seif Fikry, Chief Executive Officer (CEO) of Chimera Capital, commented: "The Chimera S&P UAE Shariah ETF will allow