Moscow Exchange launches ETF on the RTS Index
On 4 March, Moscow Exchange celebrated the launch of trading in the FinEx Russian RTS Equity UCITS ETF (FXRL), the first Russian exchange-traded fund on the RTS Index.
The fund's shares were admitted to trading on the Exchange's Level 3 List on 1 March, and began trading on 2 March. The fund"s shares are denominated in USD, while trading on the Moscow Exchange will be in RUB.
The ETF tracks the RTS Index maintained by Moscow Exchange. The RTS Index comprises the 50 most liquid Russian public companies.
FinEx ETF specialises in ETFs and is a wholly owned subsidiary of the FinEx Group, an investment management company that offers both passive and actively managed investment products. The FinEx Group has AUM of more than USD 1.2 bln. FinEx ETF focuses on investments and investors in EMs.
Moscow Exchange Group manages the sole multifunctional exchange platform in Russia for equities, bonds, derivative instruments, currencies, money market instruments and commodities. The Group includes the central depository (National Settlement Depository), and a clearing centre (National Clearing Centre), performing the functions of central counterparty on the markets, which allows Moscow Exchange to render the full spectrum of trading and post-trading services to its clients.
Moscow Exchange ranks among the world's top 25 exchanges by total volume of equities traded, and also among the 10 largest exchange platforms by bonds and derivatives trading. As of 1 March 2015 securities of 727 issuers are admitted to trading on the Equities and Bond market of Moscow Exchange, including securities of the largest Russian companies by market capitalization.
Moscow Exchange was formed in December 2011 as a result of a merger between Russia's two main exchange groups - MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, at the time the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes, which was reorganized into an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange held the initial public offering of its shares on 15 February 2013 (ticker MOEX). The company has a free float of 57%.
For further information, please contact the Public Relations Department at (495) 363-3232.
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