Based in Abu Dhabi, Chimera Capital Limited, an asset management firm announced the debut of the Chimera S&P Pakistan UCITS ETF, a physical, in-kind, liquid, and fully fungible exchange traded fund (ETF). The initial offering period will begin on August 16 and expire on August 17, 2023. The Chimera S&P Pakistan UCITS ETF is …
Based in Abu Dhabi, Chimera Capital Limited, an asset management firm announced the debut of the Chimera S&P Pakistan UCITS ETF, a physical, in-kind, liquid, and fully fungible exchange traded fund (ETF). The initial offering period will begin on August 16 and expire on August 17, 2023.
The Chimera S&P Pakistan UCITS ETF is the second sub-fund of the Chimera UCITS ICAV, an open-ended Irish Collective Asset-management Vehicle (ICAV) fund managed by FundRock Management Company S.A. The Central Bank of Ireland has authorized and regulated both the sub-fund and the ICAV. This ETF seeks to replicate the performance of the S&P Pakistan BMI Liquid 35/20 Capped Index, an S&P Dow Jones Indices index. The performance of the top 15 most liquid equities listed on the Pakistan Stock Exchange (PSX) is measured by the index.
Chairman of Chimera Investment commented that the launch of Chimera’s second Asian market ETF, and twelfth overall, demonstrates our ability to leverage our extensive market experience to roll out investment options covering a diverse range of developed, emerging, and frontier markets, contributing to the deepening and expansion of the UAE capital markets.
The Chimera S&P Pakistan UCITS ETF is an Income Share Class D that will be listed on the Abu Dhabi Securities Exchange (ADX) on August 18, 2023. When available, future dividends received by the ETF will be delivered to investors twice a year. CIO of the company added, “We are pleased to offer ADX investors direct access to the Pakistani stock market, allowing them to further diversify their investments across multiple regions and countries.”
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