Latest news with #iBoxxUSDTreasuryBillsMidPriceIndex
Zawya
20-02-2025
- Business
- Zawya
Abu Dhabi Securities Exchange welcomes the listing of Chimera iBoxx US Treasury Bill ETF
First ETF of its kind in the region ADX's 16th ETF listing and first of 2025 Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of Chimera iBoxx US Treasury Bill, a newly launched exchange-traded fund (ETF) managed by Lunate Capital. The fund marks the first ETF listing on ADX in 2025, further expanding the exchanges' diverse portfolio of investments offerings by providing investors with access to global fixed-income assets. The Chimera iBoxx US Treasury Bill ETF provides investors with exposure to USD-denominated Treasury bills issued by the US government. The ETF will track the performance of the iBoxx USD Treasury Bills Mid Price Index, offering a passive investment strategy that allows investors to access high-quality, liquid, and cost-efficient US government debt securities. It offers investors unique access to the world's largest economy without the need to purchase individual securities, while also providing a quarterly distribution of dividends. The introduction of the Chimera iBoxx US Treasury Bill ETF enhances market liquidity and offers a low-risk, income-generating investment option that aligns with global best practices. It further aligns with ADX's strategy to broaden its suite of investments products, providing investors with access to global markets through efficient and innovative financial instruments. Sherif Salem, Partner & Head of Public Markets at Lunate, said: ' We are delighted to list the Chimera iBoxx US Treasury Bill ETF on the ADX today, offering UAE investors a single point of entry to a portfolio of US Treasury bills. This ETF provides access to the world's largest economy and one of the safest securities markets globally. With this addition, our suite of ETFs on ADX now stands at sixteen, reinforcing our confidence in the UAE's financial markets and our commitment to delivering innovative and customised investment solutions.' Commenting on the listing, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: 'The listing of Chimera iBoxx US Treasury Bill ETF provides a strategic platform for more investors to access the US market via the U.S. Treasury bills. ADX offers a comprehensive range of 16 listed ETFs covering 10 developed and emerging markets. ADX listed ETFs have grown by more than 180% in trading value and went up 94% in asset under management since the ETF platform was launched. We will continue to work closely with Lunate to introduce innovative products that cater to the growing needs of our investors and contribute towards ADX's role as a strategic investment gateway and Abu Dhabi's position as a global financial centre.' During the Initial Offering Period, investors were able to subscribe to the ETF through authorized participants, including International Securities LLC, Arqaam Securities LLC, EFG Hermes UAE LLC, BHM Capital Financial Services PrJSC, Daman Securities LLC, and First Abu Dhabi Bank Securities. Following its listing on the 20 February 2025, the ETF will be available for trading on ADX for all investors, with real-time pricing and liquidity updates throughout market hours. This listing reflects ADX's dedication to catering to the evolving needs of both retail and institutional investors, ensuring they have access to cost-effective, transparent, and tradable fixed-income solutions. -Ends- About Abu Dhabi Securities Exchange Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm. For more information, please contact: ADX Abdulrahman Saleh ALKhateeb Manager of Corporate Communication Email: ALKhateebA@
Zawya
10-02-2025
- Business
- Zawya
Lunate expands public markets offering with launch of Chimera iBoxx US Treasury Bill ETF
RELATED TOPICS EQUITIES RELATED COMPANIES Chimera Capital Daman Securities FAB Securities BHM Capital ADX EFG Holding Arqaam Securitie Lunate Holding Intl Securities S&P DOW JONES INDICES The ETF will be listed on the Abu Dhabi Securities Exchange Abu Dhabi: Lunate Capital LLC ('Lunate'), an Abu Dhabi-based global investment management firm regulated by the Securities & Commodities Authority (SCA), and a subsidiary of Lunate Holding RSC Limited, announced the launch of the Chimera iBoxx US Treasury Bill ETF (Bloomberg: USTBILL). The exchange traded fund ('ETF' or the 'Fund') is scheduled to list on the Abu Dhabi Securities Exchange ('ADX') on 20 February. The Chimera iBoxx US Treasury Bill ETF will track the iBoxx USD Treasury Bills Mid Price Index which is designed to reflect the performance of USD-denominated US Treasury bills. These short-term debt securities are issued by the US Government and are generally considered among the safest investments globally, due to their backing by the US Government. The ETF offers UAE-based investors unique access to the world's largest economy through a portfolio of US Treasury bills, without the need to purchase individual securities while also providing a quarterly distribution of dividends. Investors can subscribe through their brokerage accounts. Sherif Salem, Partner & Head of Public Markets at Lunate, said: 'The Chimera iBoxx US Treasury Bill ETF is a valuable addition to our expanding lineup of investment products and solutions, designed to enhance investor access to global markets and diversified asset classes. With exposure to 10 developed and emerging markets and a suite of three fixed-income ETFs, we continue to provide investors with innovative solutions that cater to different investment objectives. This ETF leverages the strength of the US economy, giving UAE investors access to one of the world's most secure asset classes. With this launch, our ETF lineup on UAE stock exchanges grows to eighteen, providing investors with greater flexibility and return potential.' Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: 'We are pleased to welcome the Chimera iBoxx US Treasury Bill ETF to Abu Dhabi Securities Exchange. As the first of its kind in the region and the 16th ETF listed on ADX, this fund will further expand the range of investment opportunities available to our investors and cement ADX's position as the top regional ETF exchange. As our strategic partner, Lunate Capital continues to play a pivotal role in developing the regional ETF market, and this new fund offers a simple, transparent, cost-effective and convenient access the U.S. Treasury bill market. At ADX, we remain focused on deepening the market, increasing liquidity and developing innovative financial products that cater to the evolving needs of regional and global investors, reinforcing Abu Dhabi's position as a leading global financial hub.' Hani Kablawi, Head of International at BNY, said: 'In collaboration with Lunate Capital, BNY is delighted to provide custody services for its new Chimera iBoxx US Treasury Bill ETF.' Jennifer Schnabl, Head of Fixed Income Indices at S&P Dow Jones Indices, commented: "S&P Dow Jones Indices is pleased to continue our collaboration with Lunate by licensing this index for use with the launch of their new exchange-traded fund. The index serves as a valuable tool for measuring the performance of US dollar-denominated Treasury bills and represents a significant addition to supporting innovative investment solutions that enhance investor access to global markets.' The ETF will be managed by Lunate Capital LLC, which is licensed by the SCA as a management company. BNY will act as the ETFs' global custodian. Authorized Participants for the Fund are International Securities, EFG-Hermes, Arqaam Securities, FAB Securities, Daman Securities, and BHM Capital. iBoxx is a family of fixed-income indices developed and maintained by S&P Dow Jones Indices (S&P DJI).
