Abu Dhabi-based investment manager Lunate Capital has announced the launch of the Chimera iBoxx US Treasury Bill ETF, listed on the emirate’s securities exchange.
The ETF will track the iBoxx USD Treasury Bills Mid Price Index, which is designed to reflect the performance of USD-denominated US Treasury bills.
“The Chimera iBoxx US Treasury Bill ETF is a valuable addition to our expanding line up of investment products and solutions, designed to enhance investor access to global markets and diversified asset classes,” said Sherif Salem, partner and head of public markets at Lunate.
These short-term debt securities are issued by the US Government and are generally considered among the safest investments globally.
“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,” Salem continued.
“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.”
The ETF, launched February 20, will be managed by Lunate Capital LLC, which is licensed by the Abu Dhabi Securities and Commodities Authority.
