Chimera Capital's ETF exceeds $13.6mln in assets under management

ETF is supported by S&P Dow Jones Indices

  
Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose.

Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose.

REUTERS/Ahmed Jadallah

UAE - Mubasher: Chimera S&P UAE Shariah Exchange Traded Fund (ETF), owned by Chimera Capital, has exceeded AED 50 million ($13.6 million) in assets under management (AUM) in six months.

Listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) in August 2020, the Chimera S&P UAE Shariah ETF became the third-largest ETF listed in the MENA region, according to a press release on Monday.

Chimera Capital's ETF tracks the S&P UAE Domestic Shariah Liquid 35/20 Capped Index.

The ETF is supported by S&P Dow Jones Indices, HSBC Middle East, and BNY Mellon, and International Securities, EFG-Hermes UAE, BH Mubasher, and Arqaam Capital are authorized participants.

The CEO at Chimera Capital, Seif Fikry, commented: "There is a growing appetite for diversified investments among GCC investors and we are enabling them to capitalise on the economic prospects of the UAE with this ETF."

Source: Mubasher

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