ADX ETF trading values exceeded AED 5 billion in 2023, a 160% YoY increase

Abu Dhabi, United Arab Emirates: Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, welcomed today the listing of the Chimera S&P India Shariah ETF. This marks the first ETF tracking Indian equities to be launched in the region. Managed by Abu Dhabi-based investment management firm Lunate Capital LLC, the ETF replicates the S&P India Shariah Liquid 35/20 Capped Index, tracking the 30 largest and most liquid Shariah-compliant Indian companies listed on the Bombay Stock Exchange, including industry leaders like Reliance Industries, Infosys, and Tata Consultancy Services.

ADX has established itself as the most active and liquid ETF marketplace in the MENA region, with ETF trading values exceeding AED 5 billion in 2023, a 160% increase from the previous year, and total ETF trading volumes reaching 1 billion units (representing 205% Year-over-Year growth). By offering investors in the UAE direct access to the Indian market, the addition of the Chimera S&P India Shariah ETF further strengthens ADX’s position. Investors now have direct access to eight regional and global markets around the world. This listing marks the 11th listing of an ETF on ADX.  

Commenting on the listing, Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: Our sincere congratulations to Lunate Capital on the successful listing of the Chimera S&P India Shariah ETF.  The strong market interest of this ETF demonstrates the investors’ support and their vote of confidence in ADX as their investment partner and financial trading platform. We will continue to broaden ADX’s connectivity to more markets and unlock investment avenues to offer investors strategic opportunities for greater portfolio diversification and sustainable long-term growth.  

Sherif Salem, Partner and Head of Public Markets at Lunate, said: "We are pleased to have listed Lunate Capital’s 11th ETF on ADX today. The Chimera S&P India Shariah ETF allows UAE-based investors easy access to some of the largest Shariah-compliant companies listed in India. India presents an exciting investment opportunity - it is a fast-growing economy and is home to the fourth-largest stock market in the world. Our latest ETF listing enhances the range of funds available to investors in the UAE, now giving them direct access to markets in eight different countries worldwide.”  

The Chimera SP India Shariah ETF is designed as a physical, in-kind, liquid, and fully fungible fund. It tracks Shariah-compliant Indian equities listed on the Indian stock markets and intends to distribute dividends semi-annually, when available. 

The listing underscores ADX’s strategic approach to offering diversified and innovative investment solutions, catering to the evolving needs of both retail and institutional investors globally.

About Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.     

For more information, please contact:
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication 
Mobile: +971 (50) 668 9733

About Lunate

Lunate Capital LLC (regulated by the Securities and Commodities Authority) is a subsidiary of Lunate Holding RSC Limited. Lunate is a new Abu Dhabi-based, Partner-led, independent global alternative investment manager with more than 150 employees and $105 billion of assets under management. Lunate invests across the entire private markets spectrum, including buyouts, growth equity, early and late-stage venture capital, private credit, real assets and public equities and public credit. Lunate aims to be one of the world’s leading private markets solutions providers through SMAs and multi-asset class funds, seeking to generate best-in-class risk-adjusted returns for its clients.

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"لونيت كابيتال ذ.م.م" (الخاضعة لتنظيم هيئة الأوراق المالية والسلع) هي شركة تابعة لـ "لونيت هولدينج ريستركتد ليمتد". "لونيت" شركة جديدة عالمية ومستقلة لإدارة الاستثمارات البديلة تتخذ من أبوظبي مقراً لها، وتضم ما يزيد عن 150 موظفاً. تدير الشركة أصولاً تصل قيمتها إلى 105 مليار دولار أمريكي تتوزع على جميع فئات الاستثمار في الأسواق الخاصة، بما في ذلك عمليات الاستحواذ وأسهم النمو ورأس المال الجريء في المراحل المبكرة والمتأخرة، والائتمان المالي العام والخاص والأصول الحقيقية والأسهم العامة. وتهدف لونيت إلى ترسيخ مكانتها بين مزودي الحلول الاستثمارية الرائدة عالمياً في الأسواق الخاصة من خلال الحسابات المدارة بشكل منفصل والصناديق ذات فئات الأصول المتعددة، بما يحقق رؤيتها التي تهدف إلى تزويد العملاء بأفضل العوائد المعدلة حسب المخاطر.

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