Abu Dhabi's Chimera Capital lists new ETF on DFM | ZAWYA MENA Edition
UAE-based asset management firm Chimera Capital listed its exchange-traded fund (ETF) on the Dubai Financial Market (DFM) on Wednesday.
The Chimera S&P UAE UCITS ETF has been designed to track the performance of the S&P UAE BMI Liquid 20/35 Capped Index, which includes the largest stocks by capitalisation in the UAE.
The new ETF is a sub-fund of the Chimera UCITS ICAV umbrella fund. It listed on the Abu Dhabi Securities Exchange last February 23 and is the second to be launched by Chimera in less than a year.
Last July, the firm rolled out the Chimera S&P UAE Shariah ETF, which has surpassed 50 million dirhams ($13.6 million) in assets under management as of December 2020, to become the third-largest equity ETF listed in the Middle East and North Africa (MENA) markets.
“The new ETF provides investors with the added flexibility that comes from being able to choose between distributing and accumulating share classes, a feature which will make the fund attractive to different investor types,” said Seif Fikry, chief executive officer (CEO) of Chimera.
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