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First ETF listed on Astana Intl Exchange comes from ITI Funds

13 July 2019
First ETF listed on Astana Intl Exchange comes from ITI Funds

The Astana International Exchange (AIX) recently listed the first exchange-traded fund (ETF) to be traded on the bourse. 

Units of ITI EFT, which is a Russia-focused USD Eurobond ETF and is an instrument of Guernsey-based investment manager ITI Funds, are due to start being traded this month, according to a statement from the AIX, a two-year-old bourse which is part of Kazakhstan’s ambitious Astana International Financial Centre (AIFC) project. 

The ETF is a Société d’investissement à Capital Variable (SICAV) fund compliant with the Undertakings for the Collective Investment in Transferable Securities (UCITS), a European Commission regulatory framework. 

Units of the fund are also traded on the London Stock Exchange and Moscow Exchange for US dollars, euros and roubles.

Source: Emerging Markets