Chimera S&P UAE UCITS ETF will have a distributing share class listed on the Abu
Dhabi Securities Exchange
It is Chimera’s second ETF launched on ADX’s diversified platform of investment
products; offering high-quality regulated access to growth opportunities in Abu
Dhabi
ABU DHABI, 23 February 2021: Abu Dhabi Securities Exchange (ADX) has broadened its
offering of products and services further with the listing of Chimera S&P UAE UCITS ETF
under the trading symbol (CHAEIN), a liquid, fully fungible, fully tradeable, and transparent exchange-traded fund (ETF), a sub-fund of the recently launched Chimera UCITS ICAV. The latest exchange-traded-fund (ETF) from Chimera Capital complements the Shariah- tracker version of the ETF listed on ADX in July.
The latest ETF to be listed on ADX is a liquid, fully fungible, fully tradeable and transparent investment vehicle designed to track the performance of the S&P UAE BMI Liquid 20/35 Capped Index (Bloomberg: SPUAECAP), an index which measures the performance of liquid
UAE listed stocks. The index includes the largest stocks by capitalization in the United Arab Emirates, providing broad exposure to the UAE economy.
The ETF’s launch follows the introduction back in July 2020 of Chimera’s first ETF, the
Chimera S&P UAE Shariah ETF, which has now surpassed AED50 million in AUM to become
the third-largest ETF listed in MENA markets.
H.E. Mohamed Ali Al Shorafa Al Hammadi, Chairman of Abu Dhabi Securities Exchange,
said: “This listing further proves that ADX is one of the most competitive exchanges in the
region, providing an exciting value proposition for issuers and some of the highest dividend
yields in emerging markets for investors. Our strategy will deepen our market strength and
draw in new sources of liquidity. Over the coming years, ADX will continue to leverage Abu
Dhabi’s unique regulatory environment, infrastructure and stability to stimulate long-term
growth across the Emirate and more than double the market capitalization over the next three years.”
Commenting on the listing of the new ETF, Mr. Saeed Hamad Al Dhaheri, Chief Executive
of Abu Dhabi Securities Exchange said: “We are pleased to introduce the Chimera S&P UAE
UCITS ETF to further diversify the breadth and depth of investment products offered on the
exchange. Chimera’s second ETF on ADX comes amid our efforts to enhance market liquidity.
Over the past year, we have broadened our products and services, allowing investors to hedge and execute complex trading strategies. We have also attracted several listings, both on our main market and the Second Market, a testament to the attractiveness of ADX as a listing destination. The ETF follows the gold standard of regulatory frameworks for funds and asset managers and will allow investors to tap Abu Dhabi’s high growth opportunities.”
On this occasion, Mr. Syed Basar Shueb, the Chairman of Chimera Capital Limited
commented: “We are excited to bring this new UCITS-regulated product to market, which
will give investors further access to the increasingly appealing UAE economy. This second
Chimera ETF launch once again demonstrates our ability to leverage our multiple licenses
under different fund regimes to roll out various investment options, in turn continuing to play
an active role in deepening and developing the country’s asset management space.”
Seif Fikry, Chief Executive Officer (CEO) of Chimera Capital Limited added: “The ETF’s
launch follows the introduction of our first ETF, the Chimera S&P UAE Shariah ETF, back in
July, and which has surpassed AED50 million in AUM as of December 2020, to become the
third largest equity ETF listed in MENA markets. As with Chimera’s first ETF, 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.”
The Chimera S&P UAE UCITS ETF will be listing a distributing Class D on the ADX, which
will distribute any collected dividends to investors. The ETF is a sub-fund of the Chimera
UCITS ICAV, an open-ended Irish Collective Asset-management Vehicle (ICAV) umbrella
fund with FundRock Management Company S.A. as its appointed manager. Both the subfund and ICAV are authorized and regulated by the Central Bank of Ireland.
The Chimera S&P UAE UCITS ETF will be managed by Chimera Capital Limited, an ADGM
company duly regulated by the FSRA, whose principal activities include managing collective
investment funds and assets as well as advising on investments or credit. Bank of New York
Mellon Fund Services (Ireland) Designated Activity Company has been appointed as the
Administrator, Registrar and Transfer Agent of the ICAV. Meanwhile, the Bank of New York
Mellon SA/NV Dublin branch will act as the depositary to the ICAV.
—ENDS—
Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 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 17th
March 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 & Digital Marketing
Marketing & Corporate Communication Department
Tel: +971 (2) 612 8774
Mobile: +971 (50) 668 9733
Email: ALKhateebA@adx.ae
Brunswick Group
Mahmoud Kassem
Associate
Mobile: +971 (56) 177 0899
Email: mkassem@brunswickgroup.com
About Chimera Capital Limited
Chimera Capital Limited, an Abu Dhabi-based investment firm, offers its clients unique access to innovative investment instruments with a primary focus on the alternative asset management space.
Chimera Capital Limited leverages its parent company’s extensive experience in private investments, an unrivalled regional access to best-in-class service providers and financial intermediaries, and a vast network of high-net-worth individuals, family offices and private investment companies to consistently deliver above-market returns. Chimera Capital Limited, owned by Chimera Investment LLC, is a private limited company incorporated and licensed in the ADGM and regulated by the ADGM Financial Services Regulatory Authority (FSRA).
Contact:
Chimera Capital Limited
Mohamed Hafez
Sales & ETF Capital Market
Tel: +971 52 276 3982
m.hafez@chimerainvestment.com