Abu Dhabi Securities Exchange announced the start of listing the units of the Chimera Standard & Poor's UAE Fund, as of tomorrow, Monday.
According to Al Ain News Portal, the market requested in a circular issued on Sunday by all departments and accredited intermediaries to implement the decision, each in his field of competence.
Chimera Capital, which is specialized in establishing and managing investment funds based in Abu Dhabi and affiliated with Chimera Investment, announced last July the launch of the ETF.
The sub-fund was launched to simulate an indicator compliant with Islamic law, in cooperation with the S&P Down Jones Foundation, under the umbrella of the main fund of Chimera, which is the first fund of its kind to obtain On approval from the UAE Securities and Commodities Authority.
It is noteworthy that the fund was established to simulate the S&P UAE benchmark index, an index that was developed by S&P Down Jones to measure the performance of a group of stocks High liquidity and Sharia-compliant companies for companies based in the UAE.
The fund contributes to providing investors with an opportunity to benefit from the growth of a new class of securities that are popular in the UAE capital markets in particular
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