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Abu Dhabi takes a step towards emerging ETF industry in the Gulf region

RIYADH: A new investment product will allow traders in the UAE to track Saudi stocks via the local bourse a first for the Gulf region’s fledgling ETF market. Chimera Capital LLC, an Abu-Dhabi-based investment management firm and a subsidiary of Chimera Investment LLC, has launched its Chimera S&P Saudi Arabia Shariah Compliant Exchange Traded Fund (ETF). The fund tracks the ....

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