Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that on September 24, 2019, units of ITI Funds RTS Equity UCITS ETF SICAV (“ITI Funds ETF”) have been listed. Units of ITI Funds ETF will be traded under the ticker RUSE with quotation and settlement in US dollars, and will be fully fungible between LSE, MOEX and AIX. Trading in these units on the AIX has commenced on Thursday 26 September 2019.
ITI Funds RUSE aims to replicate the return of the RTS Index, Russia’s oldest and most traded index. The ETF invests in 40 shares traded on Moscow Exchange, providing diversified exposure to 12 industries. ITI Funds ETF is domiciled in Luxembourg and UCITS V qualified. Only physical replication is used. Dividends are paid annually.
CEO of AIX, Tim Bennett, commented:
“We continue to look to expand the range of products for our retail investors, and today they have received yet another investment option. Exchange-traded funds (ETFs) offer many benefits and, if used wisely, are an excellent vehicle to achieve an investor’s objectives”.
CEO of ITI Funds, Gleb Yakovlev, stated:
“We are very pleased to launch second ETF on AIX. One click allows any investor to have exposure to 40 Russian equities with expenses as low as 0.65% annually with an entry ticket as low as $28. We believe that both our funds – equity ETF RUSE and Eurobond ETF RUSB – are robust investment products and they should find their place in long term portfolios of every investor. Our funds make investment available to anyone coupled with immediate liquidity, portfolio transparency and low cost”.
This is the second ETF of ITI Funds listed on AIX. Previously this year, AIX listed and admitted to trading ITI Funds Russia-focused USD Eurobond UCITS ETF SICAV (RUSB).
