Two launches this week represent the growing ETF market in the middle east, with Abu Dhabi based Chimera Capital launching its Chimera FTSE ADX 15 Exchange Traded Fund and HSBC Asset Management expanding its ETF and indexing product suite with five new Islamic ESG ETFs.
ADX, the Abu Dhabi securities exchange, reports that ETF trading values have surpassed AED 1.4 billion year to date, making, the exchange says, the exchange’s ETFs the most liquid in the Arab world.
Australia and Japan also featured in what was a busy week, coming up to the US’s Thanksgiving holiday and in the slow approach to Christmas. BetaShares brought us the BetaShares Interest Rate Hedged Australian Investment Grade Corporate Bond ETF and Global X ETFs Japan also turned to Solactive, launching the Global X Autonomous & EV ETF.
Chinese asset manager CSOP was also busy, launching CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product (7204.HK) and CSOP US Large Oil & Gas Companies Daily (-2X) Inverse Product (7505.HK) on the Hong Kong Stock Exchange.
Global X ETFs in Europe was back on the provision of income trail, with the launch in Europe of the Global X Nasdaq 100 Covered Call UCITS ETF (QYLD).
The firm writes that the launch of QYLD represents Global X’s first synthetic product, which will replicate the underlying index via a total return swap.
Other launches came from T. Rowe Price, with a floating rate ETF, and from Hartford Funds with its Hartford Disciplined US Equity ETF (HDUS), described as a US large-cap, style-pure product.
Finally, Harbor Capital Advisors has launched its latest ETF, the Harbor Health Care ETF (MEDI), the 11th ETF for the firm’s growing line-up of ETFs.