UAE - Mubasher: Chimera S&P UAE Shariah Exchange Traded Fund (ETF), owned by Chimera Capital, has exceeded AED 50 million ($13.6 million) in assets under management (AUM) in six months.

Listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) in August 2020, the Chimera S&P UAE Shariah ETF became the third-largest ETF listed in the MENA region, according to a press release on Monday.

Chimera Capital's ETF tracks the S&P UAE Domestic Shariah Liquid 35/20 Capped Index.

The ETF is supported by S&P Dow Jones Indices, HSBC Middle East, and BNY Mellon, and International Securities, EFG-Hermes UAE, BH Mubasher, and Arqaam Capital are authorized participants. 

The CEO at Chimera Capital, Seif Fikry, commented: "There is a growing appetite for diversified investments among GCC investors and we are enabling them to capitalise on the economic prospects of the UAE with this ETF."