Chimera Capital ETF tops $13.6m in AUM in 6 months
ABU DHABI, January 11, 2021 Chimera Capital LLC, an Abu Dhabi-based asset management firm, said that its Chimera S&P UAE Shariah Exchange Traded Fund (ETF) has surpassed AED 50 million ($13.6 million) in assets under management (AUM). Listed just six months ago in August 2020 on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market(DFM), the Chimera S&P UAE Shariah ETF– which tracks the S&P UAE Domestic Shariah Liquid 35/20 Capped Index (Bloomberg: SPSHDAAN) - now ranks as the third largest ETF listed in the Mena region. The Chimera S&P UAE Shariah ETF’s popularity is further supported by investors seeking to capitalise on the prospects of the UAE s economy, who have benefited from the ETF’s performance in the first six months, with Net Asset Value increasing by over 19% for both ETF share classes.