“Chimera capital” launches an investment fund that tracks the movement of Pakistani stocks

Shimera Capital Limited, an Abu Dhabi-based asset management specialist, announced on Wednesday the launch of the shimera Standard & Poor’s Pakistan usits ETF, a cash and in-kind ETF with fully replaceable units.

The initial public offering period is scheduled to begin on August 16 and end on August 17, according to a press release.

The shimera Standard & Poor’s Pakistan usits Class D Distributed Return Fund is scheduled to be listed on the Abu Dhabi Securities Exchange on August 18, 2023, and the fund will distribute the profits it receives to investors whenever available on a semi-annual basis.
The fund’s investment manager will be Chimera Capital Limited, a company licensed by the Financial Services Regulatory Authority of Abu Dhabi Global Market, based in Abu Dhabi Global Market.

The Bank of New York Mellon Fund Services (Ireland) has been appointed as the administrative services provider, registration officer and distribution agent, and the Bank of New York Mellon SA/NV, Dublin branch has been appointed the custodian of the ICAF core fund.the list of authorized commissioners of the fund includes International Securities, EFG Hermes, Arqam Securities Trading Company and BHM capital.

The Chimera Standard & Poor’s Pakistan usits exchange traded fund is the second sub-fund under the umbrella of the core fund “Chimera usits ICAF”, a collective investment tool in Irish asset management and is managed by the company “fandrock management company S. A.”.A ” specialist in the field of asset management, noting that both the sub-and primary funds are regulated and supervised by the Central Bank of Ireland.

The shimera S & P Pakistan usits Exchange Traded Fund was created to simulate the indicative index (S&P Pakistan BMI Liquid 35/20 Capped), which was created by S & P Dow Jones Indices to measure the performance of the 15 largest companies on the Pakistan Stock Exchange in terms of liquidity.