Lunate Capital, an Abu Dhabi-based global investment management firm, has launched the Chimera S&P Japan UCITS ETF, a physical, in-kind, liquid, and fully fungible exchange-traded fund (ETF or the Fund) that is scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 29th May.
The Fund will track the performance of the S&P Japan BMI Liquid 35/20 Capped Index (AED) (Custom), which includes the top 30 most liquid Japanese stocks listed on the Tokyo Stock Exchange.
Investors can subscribe through four Authorized Participants and through the ADX eIPO portal from 16th to 23rd May 2024.
The Chimera S&P Japan UCITS ETF will provide investors with easy access to the world’s third-largest stock market and fourth-largest economy, enabling them to diversify their portfolios in the robust Tokyo Stock exchange.
According to the statement, this diversified portfolio encompasses key players in Japan’s corporate landscape, including Toyota Motor, Sony, Mitsubishi, Honda, and Nintendo. It is designed to be accessible, particularly to retail investors who may otherwise face investment barriers due to financial, infrastructure, or regulatory constraints.
It will be traded on the ADX in a mechanism similar to stocks, allowing investors to buy and sell shares throughout the trading day at prevailing market prices.
Sherif Salem, Partner and Head of Public Markets at Lunate, commented that, “We are pleased to announce the launch of Lunate’s third ETF this year, the 15th ETF on the UAE stock markets and the fourth to offer access to an Asian market. With just one account, investors can now create a diversified portfolio of equity and bond exposures across developed and emerging markets spanning nine countries representing the biggest and most liquid regional and global markets.”
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