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FinEx launches Russia’s first ETF
29 April 2013
FinEx ETF sees big opportunities in the Russian market
FinEx ETF has launched Russia’s first exchange-traded fund (ETF) as the firm expects this investment structure to take off in emerging markets.
The firm announced in February that it would be launching the ETF later this year.
The ETF was launched on the Moscow Exchange and will track the Barclays EM Tradable Russian Corporate Bond (EMRUS) Index.
Simon Luhr, managing partner and CEO, FinEx Capital Management, said: “Today’s launch on the Moscow Exchange is the beginning of a new era for Russian investors, and a very exciting time for FinEx. Although globally ETFs have enjoyed huge growth in recent years, the phenomenon has a long way to go in many emerging markets globally.”
Recent research by FinEx ETF showed there is a growing appetite for investing in Russian corporate debt among European institutional investors.
Alexander Afanasiev, chairman of the executive board and CEO, Moscow Exchange said: “The entrance of the first ETF on to the Moscow Exchange signals an important step in the development of financial infrastructure in Russia. The launch of this type of global product contributes to the establishment of Moscow as an international financial centre.”