Abu Dhabi Investment Firm Lunate Unveils Japan Equity ETF

Abu Dhabi-based investment firm Lunate Capital is expanding its exchange-traded fund (ETF) offerings with the launch of a new product focused on Japanese stocks. The Chimera S&P Japan UCITS ETF, Lunate's third ETF launch this year, will begin trading on the Abu Dhabi Securities Exchange (ADX) on May 29th.

This new ETF provides investors with a chance to gain exposure to the top 30 most liquid stocks listed on the Tokyo Stock Exchange, including household names like Toyota and Sony. The fund tracks the S&P Japan BMI Liquid 35/20 Capped Index (AED) (Custom), an index specifically designed to measure the performance of these blue-chip Japanese companies.

Lunate's foray into Japanese equities reflects the growing interest in thematic and geographically focused ETFs among investors. This launch aligns with Abu Dhabi's ambitions to establish itself as a regional financial hub. By offering diversified investment options like the Chimera S&P Japan UCITS ETF, the Abu Dhabi Securities Exchange (ADX) is attracting a wider pool of investors seeking exposure to international markets.

The Chimera S&P Japan UCITS ETF is a UCITS-compliant fund, meaning it adheres to a set of European regulatory standards. This ensures a degree of standardization and investor protection, potentially making the fund more appealing to a broader audience.

Lunate's move comes amid a period of strong growth for the ETF market in the United Arab Emirates (UAE). The introduction of the Chimera S&P Japan UCITS ETF further strengthens the depth and breadth of investment products available on the ADX. This not only benefits investors seeking exposure to Japanese equities, but also contributes to the overall development of the UAE's financial market infrastructure.

Analysts believe that Lunate's latest ETF launch is a positive development for the UAE's financial sector. It demonstrates the increasing sophistication of investment products being offered in the region and underscores the UAE's commitment to attracting foreign investment. The Chimera S&P Japan UCITS ETF is expected to be met with interest from both domestic and international investors seeking a convenient and cost-effective way to gain exposure to the Japanese stock market.

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