Norton Rose Fulbright advised Lunate Capital on ADX-listed Chimera S&P India Shariah ETF
Norton Rose Fulbright advised Lunate Capital on ADX-listed Chimera S&P India Shariah ETF
It was listed on the Abu Dhabi Securities Exchange early this year
Global law firm Norton Rose Fulbright has advised Lunate Capital LLC on the establishment of the Chimera S&P India Shariah ETF (Exchange-Traded Fund), the region’s first, pursuing Shariah-compliant Indian equities.
A physical, in-kind, liquid and fully fungible ETF, managed by Abu Dhabi-based alternative investment manager Lunate Capital, was listed on the Abu Dhabi Securities Exchange (ADX) in January.
ADX is one of the fastest-growing exchanges in the world. It is recognized as the most active and liquid ETF marketplace in the MENA region.
Expressing his pleasure in supporting Lunate Capital, Zubair Mir, the Senior Partner at Norton Rose Fulbright stated, “The new first-of-its-kind fund will offer exciting investment opportunities for the region. It is a substantial addition to the Abu Dhabi Securities Exchange by linking UAE-based investors with the thriving Indian market.”
The law firm’s global investment funds team provides trusted counsel to international and domestic asset managers, financial institutions of every size, institutional investors, and pension funds on the full spectrum of investment law, including the latest innovations, market practices and trends. Its lawyers have expertise in mutual funds, ETFs, private equity, hedge funds, venture capital funds and alternative fund matters the world over.
The cross-border team of Norton Rose Fulbright advising Lunate Capital was led by senior partner Zubair Mir and partner Geoffroy Hermanns. They were supported by associate Shakir Mogalia.
