Lunit introduces new Standard & Poor’s Chimera Japan Eustace ETF

Breaking Down Barriers: Lunit Capital’s New Japan ETF Launches on Abu Dhabi Securities Exchange

Lunit Capital Limited has announced the launch of the S&P Japan Eustace Chimera ETF (Bloomberg Symbol: JPANI) on May 29, 2024. This exchangeable cash and in-kind ETF will be listed on the Abu Dhabi Securities Exchange. The fund aims to provide easy access to investing without financial, regulatory, or structural barriers for individual investors.

The S&P Japan BMI Liquid 35/20 Capped Index (AED) is the underlying asset for the new fund, consisting of the 30 largest and most liquid Japanese stocks listed on the Tokyo Stock Exchange. By investing in this diverse portfolio, investors can diversify their investment portfolios and gain exposure to major Japanese companies like Toyota Motors, Sony, Mitsubishi, Honda, and Nintendo.

Sherif Salem, Partner and Director of the Public Markets Department at Lunit Capital expressed satisfaction with the launch of their third ETF this year and fifteenth fund in UAE financial markets. Abdullah Salem Al Nuaimi, CEO of Abu Dhabi Securities Market congratulated Lunit Capital on the launch of their product that will contribute to market growth and give investors access to global markets.

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 an excellent index for diversification purposes. Hani Qiblawi Chairman of Board of Directors at BNY Mellon International expressed pride in collaborating with Lunit Capital to introduce this fourth ETF in UAE and Gulf region. Both sub-funds are regulated by Central Bank of Ireland and Fund Rock Management Company SA will serve as investment manager for both funds. The approved commissioners include EFG Hermes Arqaam Securities International Securities BHM Capital respectively.

Investors can subscribe to the fund through four authorized delegates between May 16-23, 2024 via Abu Dhabi Securities Exchange’s electronic investor portal (ADX eIPO).

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