Six ETFs on MSCI country indices launched on Moscow Exchange
Moscow Exchange launched trading in six ETFs on MSCI country indices on 31 October.
Below are the ETFs admitted to the exchange from 31 October:
- FinEx MSCI USA UCITS ETF
- FinEx MSCI USA Information Technology UCITS ETF
- FinEx MSCI Germany UCITS ETF
- FinEx MSCI Australia UCITS ETF
- FinEx MSCI United Kingdom UCITS ETF
- FinEx MSCI Japan UCITS ETF
Moscow Exchange Deputy CEO Andrei Shemetov said: "Moscow Exchange continues to expand its range of foreign market linked products for Russian investors. The exchange launched futures trading on the five most liquid German stocks in September, and admitted six ETFs on foreign stock markets today. This allows Moscow Exchange trading members to create and implement more interesting investment strategies and to diversify country risks".
FinEx Capital Management Managing Partner and CEO Simon Luhr said: "The launch of these six new ETFs on Moscow Exchange marks the beginning of a new phase and expansion of our product range in Russia. We are very happy to offer these funds, which are an excellent addition to our growing ETF portfolio of in Russia. MSCI was the natural choice of index provider due to its size and extensive experience in our key markets,."
Notes:
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 had AUM of more than USD 1 bln on 31 December 2012. FinEx ETF focuses on investments and investors in EMs.
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