Astana International Exchange (“AIX”) is pleased to announce the listing of new exchange-traded notes – Freedom Finance IUIF Fixed Income USD Exchange Traded Notes (“Notes”) linked to the performance of the local interval unit investment fund. These Notes are issued by a Special Purpose Company (“SPC”) – FF IUIF Fixed Income USD SPC Limited, whose sole assets are units in an interval unit investment fund “Fixed Income USD”.
The Notes will be traded on the AIX with Freedom Finance Global PLC acting as an investment adviser to the SPC and being responsible for the determination of the SPC’s investment strategy and Freedom Finance JSC as a Market Maker, providing easy access and liquidity for investors.
Renat Bekturov, CEO of AIX, commented:
“We welcome the listing of new exchange-traded notes of Freedom Finance to provide another investment opportunity for Kazakh investors and increase the number of instruments for the retail investors on AIX.”
Sergey Lukyanov, Chairman of the Board of Directors, Freedom Finance Global PLC, noted:
“We are launching a new product on AIX to give local investors an opportunity to trade a new instrument in US dollars. In recent years, collective investments have attracted a lot of interest from retail investors. In 2020, the number of unit investment funds holders increased by more than 40% in Kazakhstan. We believe this trend will continue and unit investment funds may become a good alternative to bank deposits. We have no doubts that this instrument on the AIX will contribute to the development of the stock market in Kazakhstan.”
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 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:www.aix.kz
The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region. ”The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/
Freedom Finance Global PLC is a 100% subsidiary of the Freedom Holding Corp. international group and provides its clients with brokerage services. The activities of Freedom Finance Global PLC are regulated by Astana Financial Services Authority (AFSA), the Committee of the Astana International Financial Center. https://www.ffin.global/