FinEx has launched Russia’s first ever locally listed exchange-traded fund (ETF), the FinEx Tradable Russian Corporate Bonds UCITS ETF. The fund has been listed on the Moscow Exchange and provides exposure to shorter maturity liquid Eurobonds issued by Russian non-sovereign issuers.
The Moscow listing, which comes just two months after the fund debuted on the Irish and London stock exchanges, will appeal to Russian-based investors seeking convenient access to a liquid diversified domestic corporate bond portfolio.
The fund is linked to the Barclays EM Tradable Russian Corporate Bond Index. Securities issued by domestic Russian quasi-sovereign and corporates are eligible for the index, with a maximum of three bonds per issuer. Issuer caps and floors are applied to enhance diversification. Duration of the bonds ranges from 18 months to five years.
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