FundRock named as ManCo for Chimera UCITS ICAV 24 February 2021UK Reporter: Becky Bellamy
Image: FundRock
FundRock has been appointed as the management company (ManCo) of the recently launched Chimera UCITS Irish Collective Asset-management Vehicle (ICAV) and Chimera Capital has been named as the appointed investment manager.
Chimera Capital is an Abu Dhabi-based investment firm, which offers its clients access to investment instruments with a primary focus on the alternative asset management space.
As part of the mandate, FundRock will provide the risk management and regulatory framework for the ICAV and undertake the sub-funds delegate oversight.
The first sub-fund, Chimera S&P UAE UCITS ETF Fund, is an exchange-traded fund (ETF), which seeks to provide investors with a total return, taking into account capital and income returns.
The fund’s investment policy is to invest 100 per cent of its net assets in a portfolio of equity securities that consists of the index‘s equity securities.
FundRock notes that it is passively managed, which tracks the performance of the S&P UAE BMI Liquid 20/35 Capped Index.
Xavier Parain, CEO of FundRock, says: “We are delighted to be appointed the partner of choice for Chimera UCITS ICAV. Our expertise and resources will allow the ICAV and the Investment Manager to focus on its core business activity without distraction.”
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Image: FundRock 