AIX lists ETF which invests in the 40 top Russian companies

26 September 2019

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).

Reference information:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:

AIFC. Astana International Financial Center (AIFC) was established on the initiative of the First President of the Republic of Kazakhstan Nursultan Nazarbayev. The constitutional law establishing the AIFC was signed on December 7, 2015. The aim of the AIFC is to form a leading center of international financial services. The objectives of the AIFC are to assist in attracting investments into the country’s economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets.

ITI Funds is a fund platform combining the interests of investors and portfolio managers. It provides portfolio managers with the infrastructure to establish funds quickly and reduce operating costs, and offers a range of products to private and institutional investors. More than 10 funds currently run on the ITI Funds platform, including traditional ETFs, private-equity funds, a distressed-assets fund, and a cryptocurrency index fund. ITI Funds’ shareholders include private equity funds under the management of Da Vinci Capital and Mantra Investment Partners.

ITI Funds RTS Equity UCITS ETF SICAV is a UCITS (Undertaking for Collective Investment Scheme) compliant exchange traded fund that seeks to track the benchmark index RTS Index (Bloomberg ticker: RTSI$ Index) based on Russian stocks chosen for market size, liquidity, and industry group representation. RTS Index (the «Index») is capitalization-weighted composite index with free-float coefficients based on the most liquid Russian equity securities of largest Russian issuers admitted to trading on the Moscow Exchange. The Index tracks the performance of constituent securities in USD ). Units of ITI Funds RTS Equity UCITS ETF SICAV are traded on London Stock Exchange and Moscow Stock Exchange for US Dollar, Euro and Ruble.

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