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The Chimera S&P India Shariah ETF - Income (CHINDSHI) is an exchange-traded fund aiming to match the performance of the S&P India Shariah Liquid 35/20 Capped Index. It provides access to India's equity markets, distributing dividends semiannually. The fund is based in the UAE, using the Indian Rupee as its base currency and trading in AED. It was launched on January 24, 2024, with a total expense ratio of 1.00%. The fund physically replicates its benchmark, rebalancing quarterly, and is managed by Lunate Capital LLC. As of the latest report, the fund's NAV is AED 3.785, with assets under management totaling AED 34.07 million and 9 million shares outstanding. The fund holds 30 securities, with major allocations in sectors like Information Technology and Energy. Top holdings include Reliance Industries Ltd and Infosys Ltd. The ETF's performance since inception is 4.42%, compared to the benchmark's 6.79%. The fund's trading takes place on the Abu Dhabi Securities Exchange.
The Chimera S&P China HK Shariah ETF - Income (CHHKSHIN) is an exchange-traded fund aiming to match the performance of the S&P China Hong Kong-Listed Shariah Liquid 35/20 Capped Index. It provides access to Hong Kong equity markets and distributes dividends semiannually. The fund, domiciled in the UAE and managed by Lunate Capital LLC, uses a physical replicating methodology and rebalances quarterly. It was launched on June 2, 2023, and has a total expense ratio of 1.00%. The ETF's base currency is HKD, while the share class currency is AED. As of the latest data, the net asset value is AED 4.213, with assets under management totaling AED 21.07 million and 5 million shares outstanding. The fund holds 30 securities, with significant allocations in consumer discretionary and information technology sectors. Its top holdings include Alibaba Group and Meituan. The fund has shown a performance of -5.00% over the past month and 32.72% over the past three months. Trading occurs on the Abu Dhabi Securities Exchange under the ticker CHHKSHIN.
The Chimera S&P Turkey Shariah ETF - Income (CHTRSHIN) is an exchange-traded fund aimed at providing investment returns that align closely with the S&P Turkey Shariah Liquid 35/20 Capped Index. It offers investors a single point of access to the Turkish equity markets, distributing dividends semiannually. The fund, domiciled in the UAE and managed by Lunate Capital LLC, has a total expense ratio of 1.00% and a net asset value of AED 5.256. Since its inception on August 8, 2022, the fund has shown a performance of 172.87%, compared to the benchmark's 169.48%. The ETF is traded on the Abu Dhabi Securities Exchange under the ticker CHTRSHIN and has a sector allocation primarily in Industrials (34.0%) and Consumer Staples (30.5%). The top holdings include BIM Birlesik Magazalar AS and Turkiye Petrol Rafinerileri AS. The fund's performance reflects past returns, which do not guarantee future results, and its value can fluctuate.
The Chimera S&P Pakistan UCITS ETF - Income (CHPKIN) is an exchange-traded fund aiming to replicate the performance of the S&P Pakistan BMI Liquid 35/20 Capped Index. It provides access to the Pakistan equity markets, distributing dividends semiannually. Key details include a base currency of PKR, share class currency of AED, and an inception date of August 17, 2023. The fund has a total expense ratio of 1.00% and a net asset value of AED 6.618, with assets under management totaling AED 6.62 million. It holds 15 stocks, with a distribution yield of 5.75%. The ETF has shown strong performance since inception, with a return of 69.11%, compared to the benchmark's 63.28%. The fund is traded on the Abu Dhabi Securities Exchange under the ticker CHPKIN, with sector allocations primarily in materials, financials, and energy. The top holdings include Fauji Fertilizer Company Ltd and United Bank Ltd. The fund is managed by Lunate Capital Limited and domiciled in Ireland.
The Chimera FTSE ADX 15 ETF - Income (CHADX15) is an exchange-traded fund designed to closely follow the performance of the FTSE ADX 15 Index, which includes the top 15 companies listed on the Abu Dhabi Securities Exchange (ADX). The fund distributes dividends semiannually when available. Key details include its equity asset class, AED as the base currency, and inception date of November 23, 2022. It has a total expense ratio of 1.00% and is domiciled in the UAE. The fund, managed by Lunate Capital LLC, has a net asset value (NAV) of AED 3.234 and assets under management (AUM) of AED 232.03 million. It holds 15 companies, with a distribution yield of 1.12%. The ETF's performance since inception has been -11.88%, compared to the benchmark's -11.86%. The fund is traded on the Abu Dhabi Securities Exchange under the ticker CHADX15, and its sector allocation includes 39.8% in Industrials and 27.3% in Financials, among others. The top holdings are International Holding Company PJSC and First Abu Dhabi Bank PJSC. The fund's financial information is verified by Lunate Capital LLC and BNY Mellon.
The Chimera S&P UAE UCITS ETF - Accumulating (CHSASHIN) is an exchange-traded fund that aims to closely track the performance of the S&P Saudi Arabia Shariah Liquid 35/20 Capped Index. It offers access to Saudi Arabian equity markets and distributes dividends semiannually when available. Key details include: - Asset Class: Equity - Fund Base Currency: SAR - Share Class Currency: AED - Inception Date: January 17, 2022 - Total Expense Ratio: 1.00% - Dividend Treatment: Distributing - Domicile: UAE - Methodology: Replicating - Rebalance Frequency: Quarterly - Management Company: Lunate Capital LLC - NAV (AED): 3.608 - AUM (AED million): 108.24 - Shares Outstanding: 30,000,000 - Number of Holdings: 30 - ETF's Distribution Yield: 2.03% - Total Market Cap (SAR billion): 8,471.4 - P/E: 42.32x - P/B: 5.23x - ROE: 18.65% The fund's performance since inception shows a -1.61% return, with a recent dividend of SAR 0.0364/share. It trades on the Abu Dhabi Securities Exchange under the ticker CHSASHIN, with trading hours from 10 am to 3 pm GST and a settlement period of T + 2. The sector allocation includes 42.1% in Financials, 15.5% in Materials, and 14.5% in Energy, among others. Top holdings include Al Rajhi Banking and Investment Corporation SJSC and Saudi Arabian Oil Co. The fund is managed by Lunate Capital LLC, licensed and regulated by the Securities and Commodities Authority.
The Chimera S&P Kuwait Shariah ETF - Income (CHKWSHIN) is an exchange-traded fund designed to closely match the performance of the S&P Kuwait Shariah Liquid 35/20 Capped Index. It provides access to the Kuwait equity markets, distributing dividends semiannually when available. Key details include an inception date of February 21, 2022, a total expense ratio of 1.00%, and a distribution yield of 4.38%. The fund is domiciled in the UAE and uses a physical replicating methodology, rebalancing quarterly. It is managed by Lunate Capital LLC, with a net asset value of AED 3.109 and assets under management of AED 24.87 million. The fund holds 15 stocks, with the top sectors being financials (60.1%) and real estate (18.7%). The top holdings include Kuwait Finance House KSCP and Boubyan Bank KSCP. The ETF is traded on the Abu Dhabi Securities Exchange under the ticker CHKWSHIN. Performance since inception shows a return of -14.07%, compared to the benchmark's -14.05%. The fund's performance and financial information are verified by Lunate Capital LLC and BNY Mellon.
The Chimera S&P UAE Shariah ETF - Accumulating (CHAESH) is an exchange-traded fund designed to closely track the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. Launched on July 20, 2020, it offers access to UAE equity markets with reinvested dividends. The fund is based and traded in AED and managed by Lunate Capital LLC. With a total expense ratio of 1.00%, the ETF is physically structured and rebalanced quarterly. It holds 30 investments with a net asset value of AED 7.300 and an AUM of AED 124.11 million. The fund's performance since inception shows a 98.92% return, though past performance does not guarantee future results. It is traded on the Abu Dhabi Securities Exchange under the ticker CHAESH. The top sectors include real estate, communication services, and financials, with major holdings in companies like Emirates Telecommunications Group and Emaar Properties.
The Chimera S&P UAE UCITS ETF - Income (CHAEIN) is an exchange-traded fund designed to closely track the S&P UAE BMI Liquid Capped 20/35 Index, providing access to UAE equity markets. The fund distributes dividends semiannually and is based in Ireland, with a total expense ratio of 1.00%. It was launched on February 23, 2021, and is managed by Lunate Capital Limited. As of the latest data, the fund's net asset value is AED 4.599, with assets under management totaling AED 128.77 million and 28 million shares outstanding. The ETF has a distribution yield of 3.67% and holds 30 different securities. The top sectors include Financials, Real Estate, and Communication Services, with major holdings in companies like Emirates Telecommunications Group and First Abu Dhabi Bank. The fund has shown a performance return of 25.31% since inception. Trading occurs on the Abu Dhabi Securities Exchange under the ticker CHAEIN.
EMSTEEL, a major steel and building materials manufacturer, reported AED 5.9 billion in revenues for the first nine months of 2024, a 9% decrease from the same period in 2023. The decline is attributed to global steel price fluctuations, increased competition, and economic uncertainties. The company faced profitability challenges due to low-priced Chinese steel exports affecting key markets. EMSTEEL's EBITDA was AED 645 million with an 11.0% margin, and net profit before tax was AED 101 million. The Emirates Steel division generated AED 5.34 billion in revenue but faced adverse market conditions and a legal claim provision. Emirates Cement's revenue was AED 537 million, with an increased net profit margin of 15%. EMSTEEL maintained a strong liquidity position with AED 623 million in cash. Strategically, the Group received five "UAE Industry 4.0 Digital Leader" titles and was appointed co-chair of the Alliance for Industry Decarbonisation, alongside Siemens Energy.