Lunit Capital Limited Launches New ETF on Abu Dhabi Securities Exchange: Achieving Accessibility and Diversification

Lunit Capital Limited has launched the S&P Japan Eustace Chimera ETF (Bloomberg Symbol: JPANI) on the Abu Dhabi Securities Exchange on May 29. The fund is an exchangeable cash and in-kind ETF that mirrors the performance of the S&P Japan BMI Liquid 35/20 Capped Index (AED). This index comprises the 30 largest and most liquid Japanese stocks listed on the Tokyo Stock Exchange.

Investors can subscribe to this fund through four authorized delegates and the Abu Dhabi Securities Exchange’s electronic investor portal (ADX eIPO) between May 16-23, 2024. The Chimera Standard & Poor’s Japan Eustace ETF provides individual investors with easy access to investing without financial, regulatory, or structural barriers. It also offers diversification opportunities for their portfolios by investing in major Japanese companies like Toyota Motors, Sony, Mitsubishi, Honda, and Nintendo.

Lunit Capital Limited is pleased to launch its third ETF this year and fifteenth fund in the UAE financial markets. Sherif Salem, Partner and Director of Public Markets Department at Lunit Capital expressed satisfaction with this achievement while Abdullah Salem Al Nuaimi, CEO of Abu Dhabi Securities Market congratulated Lunit Capital on its contribution to market growth and increased accessibility to global markets for investors.

Michael Mill, head of private indices sector at Standard & Poor’s Dow Jones Financial Indices praised the S&P Japan BMI Liquid 35/20 Capped Index as a robust underlying asset for the new fund. Hani Qiblawi, Chairman of Board of Directors at BNY Mellon International expressed pride in collaborating with Lunit Capital to introduce its fourth ETF in UAE and Gulf region while emphasizing its innovative products.

The S&P Japan BMI Liquid 35/20 Capped Index forms part of “Chimera Eustace ICAF” primary fund managed by “Fund Rock Management Company SA,” which is regulated by Central Bank of Ireland. As such, both sub-funds and primary funds are under its jurisdiction. Loneit Capital Limited serves as investment manager for this fund while approved commissioners include EFG Hermes, Arqaam Securities International Securities and BHM Capital.