TI Funds, the ETF issuing arm of emerging markets specialist Da Vinci Capital Management, has cross-listed two of its Russia focused ETFs on Moscow Stock Exchange (MOEX). The two ETFs – an equity fund and a bond fund – were first listed on London Stock Exchange on 22 February of this year.
The ITI Funds RTS Equity UCITS ETF uses physical replication to track the RTS Index – Russia’s oldest and most widely used equity index for equity securities traded on MOEX. The index is currently composed of 45 equity securities of Russia’s top companies by market cap and liquidity.
The index’s sector exposure is heavily weighted towards energy stocks, accounting for approximately half of the total index weight. Financials and materials also have significant positions, with over 10% in each. The majority of the index leans towards larger-cap companies, with mid-caps comprising around 10% of the total exposure.
The fund has a total expense ratio (TER) of 0.65%.
The ITI Funds Russia-focused USD Eurobond UCITS ETF tracks the ITI Funds Russia-focused USD Eurobond Index, calculated by Solactive. The index constitutes 22 Russian sovereign or corporate dollar-denominated Eurobonds.
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