Abu Dhabi-based investment manager Lunate has launched what it claims is the region’s first thematic exchange-traded fund, providing investors with exposure to companies developing quantum computing technology.
Thematic ETFs focus on particular industries or themes such as technology, sustainability, or developing markets, according to Investopedia.
Lunate‘s new fund, the Boreas Solactive Quantum Computing UCITS ETF, is scheduled to list on the Abu Dhabi Securities Exchange on September 22 under the ticker symbol QUANTM, the company said on Monday.
The ETF will track the Solactive Developed Quantum Computing Index and hold 25 companies, including pure-play names IonQ and Rigetti, as well as large technology groups active in quantum research such as Microsoft, Nvidia and IBM, the company added.
“We are pleased to launch the Boreas thematic ETF, a regional first that expands our offerings for retail and institutional investors,” said Sherif Salem, partner and head of public markets at Lunate.
“Together, Lunate’s 19 ETFs – spanning both traditional and thematic strategies – enable investors to construct comprehensive, diversified portfolios.”
Lunate, which has interests in private equity, venture capital, private credit, real assets, public equities and public credit markets, has formed several funds and investment partnerships in recent months to expand its asset base and suite of investment products.
Last week, the company announced plans to set up a $2 billion joint investment platform with Brevan Howard at the Abu Dhabi Global Market, focused on macro and digital assets.
In May, Lunate teamed up with New York Stock Exchange-listed Brookfield Asset Management to set up a $1 billion joint venture to invest in the real estate sector across the Middle East, in which the property market is currently booming.
It also launched a fund in February that allows private companies nationwide to offer their employees investment returns on end-of-service benefits for the first time in the UAE.
The latest ETF is the first product in Lunate’s new Boreas range of thematic and speciality funds, which the firm said enables investors to tap into the structural megatrends driving growth.
The Boreas range “combines active thematic research with a transparent index-based approach”, aiming to identify companies with the greatest exposure to a given theme, it said.
Thematic ETFs have been growing. By early 2025, a total of 473 were listed in the US and 748 in Europe, with the global count climbing, said a report by Trackinsight, a platform for ETF investors.
US thematic ETF assets jumped to $278 billion, supported by the launch of spot Bitcoin ETFs, which alone account for $120 billion. In Europe, assets grew to $140 billion, driven by performance in tech-heavy strategies such as artificial intelligence and digital infrastructure, it found.
Globally, the global thematic fund market has almost doubled over the past five years to reach $562 billion, a 2024 report by financial services firm Morningstar found.
Lunate Capital will act as investment manager for the latest ETF.
“This single vehicle provides our investors with valuable exposure to global companies in quantum computing, including Alphabet, Amazon, Microsoft, and Nvidia,” said ADX group chief executive Abdulla Alnuaimi.
Investors can subscribe from September 10 to 16 through six authorised participants, as well as via the ADX eIPO portal.
Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Learn more about Qasr Al Hosn
In 2013, The National’s History Project went beyond the walls to see what life was like living in Abu Dhabi’s fabled fort:
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
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The BIO
Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.
Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.
Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.
Favourite holiday destination: Italy – music and opera is so much part of the life there. I love it.
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
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Price: From Dh590,000
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
INDIA’S%20TOP%20INFLUENCERS
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
THE SPECS
Engine: 1.5-litre
Transmission: 6-speed automatic
Power: 110 horsepower
Torque: 147Nm
Price: From Dh59,700
On sale: now
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
BACK%20TO%20ALEXANDRIA
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Fixtures
Opening day Premier League fixtures for August 9-11
August 9
Liverpool v Norwich 11pm
August 10
West Ham v Man City 3.30pm
Bournemouth v Sheffield Utd 6pm
Burnley v Southampton 6pm
C Palace v Everton 6pm
Leicester v Wolves 6pm
Watford v Brighton 6pm
Tottenham v Aston Villa 8.30pm
August 11
Newcastle v Arsenal 5pm
Man United v Chelsea 7.30pm
‘Avengers: Infinity War’
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars
COMPANY%20PROFILE
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Wonka
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, “accepted the political utility of violence”
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: “The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism.”
The specs: 2018 Ducati SuperSport S
Price, base / as tested: Dh74,900 / Dh85,900
Engine: 937cc
Transmission: Six-speed gearbox
Power: 110hp @ 9,000rpm
Torque: 93Nm @ 6,500rpm
Fuel economy, combined: 5.9L / 100km
Pharaoh’s curse
British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.
World%20Food%20Day%20
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