Image: Lunate
Lunate, the Abu Dhabi‑based global investment management firm, has launched its Boreas range of UCITS thematic exchange‑traded funds (ETFs) on Deutsche Börse Xetra, becoming the first provider from the Middle East to offer a suite of ETFs on a European exchange.
The move highlights growing financial links between Middle Eastern and European capital markets and gives global investors access to a new suite of innovative thematic and speciality ETFs, the firm said, with products designed to capture long‑term themes expected to drive future economic value and support diversified portfolios.
The first fund in the range, the Boreas S&P AI Data, Power & Infrastructure UCITS ETF, began trading on Xetra under the tickers POWR in euros and POWA in US dollars.
A concurrent listing of the Boreas S&P Absolute Luxury UCITS ETF on both Xetra and the Abu Dhabi Securities Exchange (ADX) is planned for January 27.
Lunate said additional products, including the Boreas Solactive Quantum Computing UCITS ETF, are expected later this year.
Lunate’s Boreas ETFs target AI, luxury and emerging technology themes
The Absolute Luxury ETF aims to provide targeted exposure to Europe’s luxury sector by tracking the S&P Europe Luxury 35/20 Capped Index, with holdings including companies such as Hermès, Ferrari, Burberry, LVMH and Richemont.
The fund will have a total expense ratio of 49 basis points, and UAE investors can subscribe through six authorised participants or via the ADX eIPO portal between January 15 and January 21.
The Boreas thematic ETFs are intended for both traditional institutional investors and a new generation of savers and investors using digital platforms, offering transparent, liquid and cost‑efficient exposure to specific growth themes.
The range is managed by Lunate, with product development and research support from Northwind, which acts as the exclusive consultant on ETF strategy, the firm said.
Jane Street serves as the dedicated market maker for the European‑listed ETFs, AHP Capital/NTree Deutschland has been appointed distributor, and Euroclear Bank will act as the international central securities depository, Lunate added.
Sherif Salem, partner and head of public markets at Lunate, said the launch marks a “historic milestone” as the firm becomes the first from the region to list its ETFs on a European exchange and helps global investors access differentiated thematic and specialist strategies.
Geir Espeskog, chief executive officer of Northwind, said global innovation across technology, energy and security is accelerating and creating compelling opportunities for thematic investing.
Lunate’s suite of thematic ETFs in Europe and the UAE links capital from the Middle East with specialised exposures such as data infrastructure, luxury brands and emerging technologies, the firm said.
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