Nascent Gulf ETF Market Gets First Fund Tracking Kuwait Stocks
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Chimera Capital LLC is launching an exchange-traded fund that will allow Abu Dhabi-based investors to track Kuwaiti stocks, a month after it started a similar product focused on Saudi Arabia.
The Chimera S&P Kuwait Shariah ETF starts trading in Abu Dhabi on Tuesday. It tracks the S&P Kuwait Shariah Liquid 35/20 Capped Index, which is up 36% over the past year.