The Abu Dhabi Securities Exchange (ADX) has announced the listing of the Chimera JP Global Sukuk ETF, expanding its range of financial products.
This new ETF provides investors with access to a diversified portfolio of liquid, USD-denominated, investment-grade Sukuks issued by sovereign, quasi-sovereign, and corporate entities globally. Each Sukuk has a minimum face value of $500 million.
Tracking the J.P. Morgan Global IG Sukuk Index, the Shariah-compliant ETF includes around 75 Sukuks from various markets, offering a diverse investment opportunity.
Abdulla Salem Alnuaimi, Group CEO of ADX, expressed pride in the new listing, stating, “This latest offering by Lunate not only broadens our portfolio of financial products but also underscores Abu Dhabi’s strategic vision as a leading centre for capital formation and investment hub. This is the second ETF on ADX that tracks debt instruments, providing investors with direct and easy access to such financial assets.”
Sherif Salem, Partner & Head of Public Markets at Lunate, said, “We are delighted to be listing the Chimera J.P. Morgan Global Sukuk ETF on the ADX today, demonstrating our commitment to expanding investor access to customized solutions and products, including Shariah-compliant instruments.”
ADX has seen a significant increase in ETF demand, solidifying its position as the leading ETF marketplace in the MENA region. In 2023, ETF trading values surpassed Dh5 billion, a 160% increase from the previous year, with trading volumes reaching 1 billion units.
The addition of the Chimera JP Global Sukuk ETF enriches ADX’s suite of financial products, aligning with its commitment to innovation and diversification.
