Lunit Capital has announced the launch of its latest ETF, the Chimera Standard & Poor’s Japan Eustace ETF. This cash and in-kind ETF will be listed on the Abu Dhabi Securities Exchange on May 29 with the Bloomberg Symbol: JPANI. The fund will track the performance of the S&P Japan BMI Liquid 35/20 Capped Index (AED) (custom), consisting of 30 of the largest and most liquid Japanese stocks listed on the Tokyo Stock Exchange.
This new offering from Lunit Capital provides investors with an opportunity to diversify their portfolios with prominent Japanese companies such as Toyota Motors, Sony, Mitsubishi, Honda, and Nintendo. It is designed to offer individual investors a convenient way to invest without facing financial, regulatory, or structural hurdles. The fund will be traded on the Abu Dhabi Securities Market similar to stocks, allowing investors to buy and sell shares at market prices throughout the trading day.
Sherif Salem, Partner and Director of Public Markets Department at Lunit Capital expressed his enthusiasm for launching this third ETF of the year and fifteenth fund in UAE financial markets. He stated that this fund expands opportunities for investing in Asian markets and diversifying portfolios across developed and emerging markets. This launch aligns with Lunit’s commitment to offering tailored solutions and products to clients for broader access to global financial markets.
Abdullah Salem Al Nuaimi, CEO of Abu Dhabi Securities Market commended Lunit Capital on this launch stating that it is a significant milestone as it is the thirteenth traded fund on their exchange. It provides investors with access to Japan’s market and economy through 30 liquid stocks listed on Tokyo Stock Exchange reinforcing their efforts towards enabling global market access for investors and supporting portfolio growth.
Lunit Capital has collaborated with Standard & Poor’s Dow Jones Financial Indices by utilizing S&P Japan BMI Liquid 35/20 Capped Index as a reliable tool for tracking market performance, providing investors with informed investment decisions. Additionally, they have partnered with BNY Mellon International as an administrative services provider, registration officer, distribution agent, and custodian of ICAF Core Fund which further strengthens management oversight of this ETF.
Overall Lunit Capital continues to innovate while contributing to Abu Dhabi’s growing position as a significant financial market in region by providing more investment opportunities through its funds like Chimera Standard & Poor’s Japan Eustace ETF .
