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Abu Dhabi has marked its first public offering of 2026 with the listing of Boreas S&P Absolute Luxury UCITS ETF, a luxury-focused fund that is backed by UAE alternative investment firm Lunate.
The listing marks the first luxury-focused ETF and the fourth thematic one from Lunate on the Abu Dhabi Securities Exchange (ADX).
The ETF was listed following an initial offering period (IOP) during which investors subscribed to fund units.
The ETF provides exposure to 32 companies with holdings including global luxury brands such as LVMH (Louis Vuitton, Dior, Fendi, TAG Heuer), Richemont (Cartier, Van Cleef & Arpels, Montblanc), Hermes, Ferrari and L’Oreal.
(Writing by Bindu Rai, editing by Seban Scaria)
