Chimera Capital unveils ETF focused on #Kuwait’s equity markets

Chimera Capital unveils ETF focused on Kuwait’s equity markets

Chimera Capital, an Abu Dhabi asset management company and subsidiary of Chimera Investments, is introducing a Sharia-compliant exchange-traded fund that will give investors access to Kuwait’s equity markets.

The Chimera S&P Kuwait Sharia ETF will be listed on the Abu Dhabi Securities Exchange under the Income Share Class B category and will track the performance of the top 15 most liquid Sharia-compliant equities on the Boursa Kuwait, the company said on Monday.

“The listing of the Chimera S&P Kuwait Sharia ETF reflects ADX’s efforts to promote cross-border investments and provide unique growth opportunities,” said ADX managing director and chief executive Saeed Al Dhaheri.

“As part of its growth strategy, ADX will continue to encourage and introduce diverse, liquid and cost-effective investment tools that help to mitigate risk and promote sustainable long-term growth.”