{"id":95864,"date":"2024-09-17T00:00:00","date_gmt":"2024-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/lunate-launches-german-etf-on-adx\/"},"modified":"2024-09-17T00:00:00","modified_gmt":"2024-09-17T00:00:00","slug":"lunate-launches-german-etf-on-adx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/17\/lunate-launches-german-etf-on-adx\/","title":{"rendered":"Lunate launches German ETF on ADX"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.lunate.com\/\" style=\"\" rel=\"noopener\">Lunate Capital<\/a><\/strong><strong> is introducing a new ETF tracking German <\/strong><strong>sukuk<\/strong>, next week, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1185.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The Chimera S&P Germany UCITS ETF, set to list on the ADX on 26 September, will track the S&P Germany BMI Liquid 35\/20 Capped Index and feature top German companies like Siemens, Allianz, Bayer, and Mercedes-Benz. The index is up 13.5% YTD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The initial offering period for the ETF kicked off yesterday<\/strong> and wraps on 20 September. The offering price was set at AED 3.71 during the initial offering period. Investors can subscribe through the authorized participants: International Securities, EFG Hermes, Arqaam Securities, and BHM Capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the fifth ETF Lunate launches this year<\/strong>, and the fifteenth to be listed on the Abu Dhabi bourse, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D9%84%D9%88%D9%86%D9%8A%D8%AA-%D8%AA%D9%88%D8%B3%D9%91%D8%B9-%D9%86%D8%B7%D8%A7%D9%82-%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA%D9%87%D8%A7-%D9%85%D9%86-%D8%AE%D9%84%D8%A7%D9%84-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D9%85%D8%A4%D8%B4%D8%B1%D8%A7%D8%AA-%D9%85%D8%AA%D8%AF%D8%A7%D9%88%D9%84%D8%A9-%D9%8A%D8%B1%D9%83%D8%B2-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A9-o4ovn8cv\" style=\"\" rel=\"noopener\">press release<\/a>. Lunate and JP Morgan Chase launched the <a target=\"_blank\" rel=\"noopener\">UAE\u2019s first bond ETF<\/a> in March covering investment-grade bonds worth USD 500 mn or more. The firm also launched its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/25d62381-5bef-4e76-94c5-321fed922750\/the-adx-now-has-an-indian-etf\" style=\"\" rel=\"noopener\">Indian ETF<\/a> earlier this year on the ADX, tracking the performance of Shariah-compliant Indian stocks. In May, Lunate rolled out its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4d577dcb-69d5-404b-b525-f6940a8b16b8\/%253cmark%253elunate%253c%2Fmark%253e-launches-japanese-etf\" style=\"\" rel=\"noopener\">Japanese ETF<\/a>, tracking the S&P Japan BMI Liquid 35\/20 Capped Index, and introduced its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/284e7bd0-92ba-48b9-bf22-9c96ab91a178\/%253cmark%253elunate%253c%2Fmark%253e-launches-global-sukuk-etf-with-jp-morgan\" style=\"\" rel=\"noopener\">global sukuk ETF<\/a> with JP Morgan in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a good time for a German ETF:<\/strong> German stocks have been hitting record highs, defying concerns over Germany\u2019s economy, which shrank in 2Q, on the back of geopolitical tensions and reduced demand from China, a key trading partner, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-16\/german-stocks-near-record-highs-get-first-etf-in-the-gulf-region\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>BNY Mellon (Ireland) has been appointed as the administrator, registrar, and distribution agent. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is Lunate\u2019s fifth ETF in 2024<\/p>\n","protected":false},"author":1,"featured_media":95865,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[74,29,7,69,752],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-adx","tag-capital-markets","tag-enterpriseam-uae","tag-etfs","tag-lunate-capital","wpautop","entry"],"acf":{"mongo_id":"b833def8-8586-45ec-bca2-59c6e16d05e4","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/839.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lunate launches German ETF on ADX","related_issue":[95857],"teaser":"This is Lunate\u2019s fifth ETF in 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.1ee2eadb-eb65-49d4-a265-021d694fcaf9.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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