Lunit introduces the Standard & Poor’s Chimera Japan Eustace ETF

Abu Dhabi Securities Exchange (ADX) has welcomed the launch of the Chimera Standard & Poor’s Japan Eustace ETF, which will be listed on the exchange on May 29 with the Bloomberg Symbol: JPANI. This fully exchangeable cash and in-kind ETF is a sub-fund of the primary fund, “Chimera Eustace ICAF,” managed by Fund Rock Management Company SA and regulated by the Central Bank of Ireland.

Investors can subscribe to the fund through four authorized delegates and ADX eIPO between May 16-23, 2024. The Chimera Standard & Poor’s Japan Eustace ETF offers investors an opportunity to diversify their portfolios with prominent Japanese companies like Toyota Motors, Sony, Mitsubishi, Honda, and Nintendo. It provides access to the third largest stock market and fourth largest economy globally without facing financial, regulatory or structural hurdles.

Lunit Capital Limited introduced this fund to expand opportunities for investing in Asian markets and diversifying portfolios across developed and emerging markets. The launch aligns with Lunit’s commitment to offering tailored solutions and products that provide broader access to global financial markets.

Sherif Salem, Partner and Director of the Public Markets Department at Lunit expressed his excitement about launching this third ETF of the year and fifteenth fund in UAE financial markets. Abdullah Salem Al Nuaimi, CEO of ADX commended Lunit Capital on this achievement as it strengthens ADX’s position as a significant financial market in the region by providing investors with access to new markets through innovative products like this Chimera Standard & Poor’s Japan Eustace ETF.

By Sophia Gonzalez

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