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Lunate launches its third ETF this year: Abu Dhabi’s Lunate Capital is launching a new exchange-traded fund (ETF) tracking Japanese stocks, according to a press release. The ETF — dubbed Chimera S&P Japan UCITS — is set to debut on the ADX on 29 May, and tracks the S&P Japan BMI Liquid 35/20 Capped Index, allowing investors to access 30 of the most liquid Japanese stocks listed on the Tokyo Stock Exchange, according to the statement.
Investors can subscribe to the fund until Thursday, 23 May through four authorized participants — EFG-Hermes, Arqaam Securities, International Securities, and BHM Capital — and the ADX eIPO portal.
Japanese equities are having a good year: “The Japanese equities market has proven to be resilient, seeing a rally early this year and reinvigorated interest especially among international market participants who are seeking diversified exposures through indexing,” Michael Mell, Global Head of Custom Indices at S&P Dow Jones Indices, said.
Lunate is on an ETF roll: The new ETF marks the fourth to offer access to Asian markets, according to Lunate Partner Sherif Salem. Lunate and JPMorgan Chase introduced the first bond exchange-traded fund (ETF) for the UAE’s bond market in March. The index will cover investment-grade issuances with a face amount of at least USD 500 mn. The company also launched its India ETF earlier this year on the ADX, tracking the performance of Shariah-compliant Indian stocks.
