Stay updated with breaking news from Seif fikry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The 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), ....
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. ....