ITI Funds, a London-based emerging market ETF specialist, has had its two Russia focused ETFs admitted to trade on the Moscow Stock Exchange (MOEX).
ITI Funds ETFs were listed on London Stock Exchange on 22 February this year by emerging markets investment specialist, Da Vinci Capital Management. ITI Funds ETFs provide exposure to Russia-focused top quality equity and USD debt segments of the Russian financial market. They are: ITI Funds RTS Equity UCITS ETF – which follows Russia’s oldest equity index – RTS; and ITI Funds Russia-focused USD Eurobond UCITS ETF – which follows ITIEURBD Index. Denominated in US dollars, the ETFs started trading on the Moscow Exchange in RUB, in addition to the London Stock Exchange trading in USD. In total the funds currently have over USD10 million in assets. “ETFs are especially important given the increasing interest Russian citizens have in investing with exchange instruments," comments Anna Kuznetsova, managing director, securities market at MOEX.