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September 19, 2019
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AIX

First Exchange Traded Fund to be listed on AIX

Posted: Friday, 16 Aug 2019

Astana International Exchange (“AIX”) is pleased to announce that on 16 August 2019 units of ITI Funds Russia focused USD Eurobond UCITS ETF SICAV (“ITI ETF”) have been listed. 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 these units on the AIX is expected to commence in August 2019. CEO of AIX, Tim Bennett, commented: “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 ETFs is a part of AIX’s strategy to broaden the investment options available on the capital market to support the development of the investor base in Kazakhstan.” CEO of ITI Funds, Gleb Yakovlev, stated: “It is our great pleasure to announce the listing of units of our Russia-focused USD 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.” ITI Funds is a fund platform combining the interests of investors and portfolio managers. It provides portfolio managers with the infrastructure to establish funds quickly and reduce operating costs, and offers a range of products to private and institutional investors. More than 10 funds currently run on the ITI Funds platform, including traditional ETFs, private-equity funds, a distressed-assets fund, and a cryptocurrency index fund. ITI Funds’ shareholders include private equity funds under the management of Da Vinci Capital and Mantra Investment Partners.
 
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