Lunet, a global investment management firm headquartered in Abu Dhabi, has announced the launch of its new series of specialized exchange-traded funds (ETFs) under the name Borias. The first fund, titled “Borias Solactive Quantum Computing Eustis ETF,” aims to provide promising investment opportunities across various economic cycles and market trends.
Lunet Capital, which is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market and is a subsidiary of Lunet Holding Restricted Ltd., will serve as the fund’s investment manager. This initiative is part of Lunet’s broader strategy to diversify its product offerings.
Through the Borias fund series, the firm seeks to capitalize on the notable growth opportunities present in the specialized ETF market, which has seen a significant increase in size globally over the past five years, reaching $562 billion.
The “Borias Solactive Quantum Computing Eustis ETF” will be the first of its kind launched in the region and is set to be listed on the Abu Dhabi Securities Exchange on September 22.
Abdullah Al Naimi, CEO of Abu Dhabi Securities Exchange, stated, “The launch and listing of the seventeenth investment fund on the Abu Dhabi Securities Exchange, the Borias Solactive Quantum Computing Eustis ETF, underscores our role in enhancing quantum computing, which involves major companies like Alphabet, Amazon, Microsoft, and Nvidia.
As Abu Dhabi solidifies its position as a strategic hub for innovative investment opportunities, the Abu Dhabi Exchange will continue to expand its range of innovative products and enhance its platform’s dynamics to meet the evolving needs of investors.”
Investors will be able to subscribe to the fund through six approved agents, in addition to the Abu Dhabi Exchange’s online subscription platform (ADX eIPO) from September 10 to 16. The fund will be traded on the Abu Dhabi Exchange, boasting a total expense ratio of 49 basis points.