Lunate Capital launches Japanese Exchange Traded Fund on ADX

KHALED AL KHAWALDEH     (ABU DHABI) 


The Abu Dhabi-based investment management firm, Lunate Capital, has launched the new exchange traded fund (ETF) on the Abu Dhabi Securities Exchange (ADX). 


The Chimera S&P Japan UCITS ETF is set to be listed on May 29, and will give ADX investors easy access to the Tokyo Stock Exchange. The ETF is to be accessible to retail investors who may otherwise face barriers to investing in the Japanese index which tracks several well-known corporate behemoths including Toyota Motor, Sony, Mitsubishi, Honda, and Nintendo.

“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,” Sherif Salem, Partner & Head of Public Markets at Lunate, said. 


“This latest launch furthers our commitment to providing clients with customised solutions and products that can broaden their access to investment strategies and global markets.”


The ADX was recently recognised as the Best Arab Stock Exchange in terms of Price-to-Return Ration Performance at Annual Conference of the Arab Federation of Capital Markets hosted in Qatar. The latest addition to the market, follows a slew of Asian indices which have listed ETF’s. 


Abdulla Salem Alnuaimi, Chief Executive Officer at ADX, congratulated Lunate, saying the new ETF would add to the thriving ETF ecosystem, which currently has 13 listings. 


“With 30 of the most liquid Japanese stocks included in this ETF, every investor will have the opportunity to gain invaluable exposure to one of the world’s largest stock markets and economies via ADX’s IPO platform and enjoy the benefits of a diversified investment option,” he said. 


“This new fund is part of ADX’s ongoing efforts to offer investors access to key global markets and new opportunities to expand their investment portfolios.”