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Abu Dhabi's Lunate Launches ETF Tracking Japan Equities

Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM
Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM
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Abu Dhabi's Lunate Launches ETF Tracking Japan Equities

Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM
Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM

Abu Dhabi investor Lunate Capital is launching an exchange-traded fund (ETF) tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX), the firm said in a statement on Thursday.

Lunate said the Chimera S&P Japan UCITS ETF, its third ETF so far this year, will list on May 29 and give investors access to the top 30 most liquid Japanese stocks listed on the Tokyo Stock Exchange including Toyota and Sony.

Lunate manages $105 billion of assets.

The ETF market will contribute to bolster "Abu Dhabi's plan to diversify its economy and attract more investors to its financial center," ADX's CEO Abdulla Salem Alnuaimi was quoted as saying in Thursday's statement.

Investors will be able to subscribe to the ETF between 16-23 May, Lunate added.

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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
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Saudi Economy Grows by 2.8% in Q3 2024

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year
Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year

Saudi Arabia’s real GDP achieved a growth rate of 2.8% in the third quarter (Q3) of 2024 compared to the same period in the previous year, the General Authority for Statistics (GASTAT) announced Thursday.

In its flash estimates of the real GDP growth rate for Q3 of 2024, published on its official website, GASTAT said that oil activities grew by 0.3% in Q3 2024 compared to the same period of last year, while non-oil activities saw a positive growth of 4.2%.

Government activities also recorded a positive growth rate of 3.1% compared to the same quarter of last year.

The figures further indicated that seasonally adjusted real GDP for Q3 2024 rose by 0.8% compared to Q2 2024.