Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The Chimera S&P Pakistan UCITS ETF - Income (CHPKIN) is an exchange-traded fund that aims to deliver investment returns that correspond to the performance of the S&P Pakistan UCITS Liquid35/20 Capped Index. The fund provides a single access point to Pakistan's equity markets. Dividends received by the fund are distributed semiannually when available. The fund's base and share class currency is PKR, and it was started on 17th August 2023. The fund has a total expense ratio of 1.00% and is domiciled in Ireland. The fund is managed by Fundrock Management Co and Lunate Capital Limited. The fund's net asset value is 5.300 AED with a total asset under management of 5.30 AED million. The fund has 1,000,000 shares outstanding and holds 15 different investments. The fund's performance since inception is 35.56%. The fund is traded on the Abu Dhabi Securities Exchange.
The Chimera S&P US Shariah Growth ETF - Accumulating (CHUSSHG) is an exchange-traded fund that aims to track the performance of the S&P 500 U.S. Shariah Top 30 35/20 Capped Index. The fund provides a single point of access to the US equity markets and reinvests dividends. It was launched on 30th June 2022 and is managed by Lunate Capital LLC. The fund's base and share class currency is USD, and it has a total expense ratio of 1.00%. The fund is physically structured and rebalances quarterly. The fund's net asset value is 5.602 AED, and it has 2,250,000 outstanding shares. Its top holdings include Microsoft Corp, Apple Inc, and NVIDIA Corp. The fund trades on the Abu Dhabi Securities Exchange.
The Chimera S&P China HK Shariah ETF - Income (CHHKSHIN) is an exchange-traded fund that aims to replicate the performance of the S&P China Hong Kong-Listed Shariah Liquid 35/20 Capped Index. The fund provides access to the Hong Kong equity markets and distributes dividends semiannually when available. The fund's base currency is HKD, and it was incepted on 2nd June 2023. It has a total expense ratio of 1.00% and is domiciled in the UAE. The fund is managed by Lunate Capital LLC and is physically replicated. Its Net Asset Value (NAV) is 3.064 AED, with 18.38 million AED in assets under management and 6 million shares outstanding. The fund holds 30 different assets. Its performance since inception shows a decrease of 16.75%. The fund is traded on the Abu Dhabi Securities Exchange. The top holding of the fund is Alibaba Group Holding Ltd, constituting 30.90% of the fund's assets.
Union Insurance Company has announced the opening of nominations for its Board of Directors. The nomination period will run from 29/03/2024 to 08/04/2024. Interested shareholders who meet the required conditions can submit their applications in person at the company's Dubai headquarters or via email. The board will consist of seven members. The company will publish a list of candidates on its website and at its headquarters on 16/04/2024. All nominations must comply with Federal Law No. (32) of 2021 and the Chairman of the Authority’s Board of Directors’ Decision no. (3/RM) of 2020. After the nomination period ends, candidates cannot transfer their nomination to another person.
The Chimera S&P UAE Shariah ETF - Accumulating (CHAESH) is an exchange-traded fund that aims to track the performance of the S&P UAE Domestic Shariah Liquid 35/20 Capped Index. The fund provides a single access point to the United Arab Emirates equity markets and reinvests the dividends it receives. The fund is based in UAE with its base and share class currency in AED. It was launched on 20th July 2020, and is managed by Lunate Capital LLC. The fund has a total expense ratio of 1.00% and is physically replicated. It holds 30 assets and has a net asset value of 6.725 AED with 17,250,000 outstanding shares. The fund’s performance since inception has been 83.24%.
The Chimera S&P Turkey Shariah ETF - Income (CHTRSHIN) is an exchange-traded fund that aims to provide investment returns that closely correspond to the S&P Turkey Shariah Liquid 35/20 Capped Index, before fees and other costs. The fund provides a single access point to the Turkey equity markets and distributes dividends semiannually. The fund was established on 8th August 2022, and its total expense ratio is 1.00%. The fund is domiciled in the UAE and is managed by Lunate Capital LLC. The fund's net asset value is 5.407 AED, with total assets under management of 28.39 million AED. The fund has 5,250,000 shares outstanding and holds 20 assets. The fund's distribution yield is 0.14%. The fund's performance since inception is 164.98%, while the benchmark's performance is 165.73%. The fund's top holdings include BIM Birlesik Magazalar AS and Turkiye Petrol Rafinerileri AS.
Invictus Investment Company has acquired a 60% stake in Moroccan agri-commodity trading firm Graderco and its subsidiaries from Zalar Holding. The acquisition is in line with Invictus' strategy to expand its presence and trading capabilities in key African markets. Graderco, which trades between 2.5 and 3.0 million metric tonnes of grain and grain derivatives annually, is Invictus' first major stake in warehousing and distribution in Morocco. The deal is expected to result in a 20% increase in Invictus' consolidated revenues over the nine months following the acquisition in 2024. The partnership will also allow Graderco to expand its product offerings.