Abu Dhabi: Wio Securities LLC, a digital investment platform, has announced a new collaboration between Wio Invest and Lunate, an Abu Dhabi-based alternative investment manager and ETF provider, to offer UAE investors automated and innovative investment options. Through this collaboration, Wio Invest introduces recurring orders for Lunate Chimera ETFs, becoming the first broker in the UAE to provide this service.
According to Emirates News Agency, recurring orders will enable users to automate weekly or monthly purchases of Lunate Chimera ETFs in UAE Dirhams at a predetermined investment amount, helping both seasoned and new investors to develop consistent investing habits and build long-term portfolios. Lunate’s Chimera ETF suite provides investors with access to a wide range of local, regional, and global markets.
Marwan Binhashim, General Manager of Wio Securities LLC, stated that the collaboration marks a significant milestone in empowering UAE residents with diversified, innovative, and easy-to-use investment tools. He emphasized that the addition of recurring orders reflects Wio’s commitment to enhancing its platform, equipping investors of all levels with the resources to confidently grow their wealth.
Sherif Salem, Partner and Head of Public Markets at Lunate, highlighted that Wio clients will gain seamless, digitally driven access to 17 Chimera exchange-traded funds (ETFs) listed and traded on UAE stock markets. These ETFs provide exposure to 10 stock markets and 2 fixed-income products, all in UAE dirhams. This initiative empowers investors to diversify their portfolios globally while investing in UAE dirhams.
Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), expressed ADX’s commitment to advancing the UAE’s capital markets by fostering innovation and collaboration that enhances investor opportunities. He noted that the partnership between Wio Invest and Lunate introduces an innovative solution, enabling automated portfolio building through recurring orders of Chimera ETFs, supporting ADX’s mission to provide seamless access to diverse financial markets.
Wio Invest operates under a robust regulatory framework and is fully regulated by the Securities and Commodities Authority (SCA), ensuring secure transactions. This commitment to investor protection is central to Wio Invest’s vision of being the UAE’s go-to platform for innovative and accessible investment solutions.