Abu Dhabi Securities Exchange (ADX) continues to solidify its position as a leading ETF marketplace in the region with the addition of the Boreas Solactive Quantum Computing UCITS ETF, marking the 17th ETF on ADX and the second this year. This exciting new offering provides investors with access to the cutting-edge world of quantum computing.
Investing in the Future with Quantum Computing
This first-of-its-kind thematic ETF in the region tracks the Solactive Developed Quantum Computing Index. It allows investors to tap into companies that are pioneering quantum computing technologies. Quantum computing represents a revolutionary approach to solving complex problems, with the potential to transform various industries. This access aligns with [specific key message 1]: ADX’s commitment to providing innovative investment opportunities.
A Hub for Diverse Investment Options
ADX already boasts the largest selection of listed ETFs in the region, giving investors in Abu Dhabi, the UAE, and beyond, simple and efficient ways to access a wide range of markets, both regionally and globally. The new ETF, trading under the symbol QUANTM, enhances this offering by providing exposure to global mega-cap companies, like Alphabet, Amazon, IBM, Microsoft, and Nvidia. This reinforces [specific key message 2]: ADX’s role as the region’s premier hub for ETFs.
Lunate Leads the Way with Innovation
Launched by Lunate, an Abu Dhabi-based global investment management firm, this ETF provides a single, tradable security that tracks a quantum computing index. Impressively, this index has delivered a 29.4% compounded annual growth rate since 2017, based on back-tested data. Quantum computing’s potential to accelerate discoveries in medicine, materials, energy, climate modeling, and financial analysis creates significant economic value for investors, businesses, and governments worldwide. This aligns with [specific key message 3]: Supporting Abu Dhabi’s efforts to build a knowledge-based, diversified economy.
ADX’s Commitment to Growth
Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, highlights the exchange’s dedication to innovation:
The listing of the first thematic ETF on the exchange marks a milestone that reaffirms our enduring commitment to expanding and diversifying the investment choices available to our investors. It also highlights our pursuit of innovation to meet investor needs and align with global market developments.
He further emphasizes the transformative potential of quantum computing and ADX’s role in providing access to this exciting sector.
Expanding Horizons
Sherif Salem, Partner & Head of Public Markets at Lunate, emphasizes the significance of this launch:
The listing of the region’s first thematic ETF on the Abu Dhabi Securities Exchange represents a landmark moment in Lunate’s efforts to deliver innovative investment solutions for investors on the ADX, while strengthening the Emirate’s standing as a premier global financial hub.
This move demonstrates Lunate’s commitment to supporting the growth of Abu Dhabi’s financial markets and providing investors with access to cutting-edge investment opportunities.
The thematic ETF market is experiencing rapid growth globally. By introducing thematic ETFs like this quantum computing fund, ADX is expanding its range of listed ETFs, which already encompass a variety of asset classes and geographies, including access to global fixed-income assets. The market capitalization of ADX-listed ETFs has more than doubled year-on-year, demonstrating the increasing popularity and importance of these investment vehicles.