Kazakhstan’s first ETF lists on AIX
Units of the ITI Funds UCITS ETF SICAV (ITI ETF), a Russia-focused, UCITS-compliant exchange traded fund, which seeks to track the ITI Funds USD Eurobond Index (ITIEURBD), have been listed on the Astana International Exchange (AIX) making it the first ETF to be available in Kazakhstan.
Units of ITI ETF will be traded under the ticker RUSB with quotation and settlement in US dollars, and will be fully fungible between LSE, MOEX and AIX. Trading in units on the AIX is expected to commence in July 2019.
CEO of AIX, Tim Bennett, says: “We are very pleased to welcome the first ETF issuer on Astana International Exchange. The listing of the first ETF on the AIX will provide investors with a simple and transparent tool to invest in various assets worldwide. The introduction of ETF is a part of AIX’s strategy to broaden the options available on the capital market to support the development of the investor base in Kazakhstan.”
CEO of ITI Funds, Gleb Yakovlev, says: “It is our great pleasure to announce listing of units of our ETF fund on the AIX. This listing should make our units more attractive and accessible for local investors while giving us better visibility in Kazakhstan and providing an opportunity to broaden our investors base.”