FinEx ETF Ltd., part of FinEx Group, the international investment management company, announces that it has entered into an agreement with MSCI to license a number of MSCI indices for new range of international equity ETFs which have listed in Ireland and list in Moscow on 31 October…
Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy
The Funds are: FinEx MSCI Germany UCITS ETF; FinEx MSCI USA UCITS ETF; FinEx MSCI USA IT UCITS ETF; FinEx MSCI UK UCITS ETF; FinEx MSCI Australia UCITS ETF and FinEx MSCI UCITS Japan ETF.
The ETFs have been listed on the Irish Stock Exchange and cross-listed on the Moscow Exchange via a cross listing mechanism pioneered by FinEx ETF.
Simon Luhr, Managing Partner and CEO, FinEx Capital Management, said: “The launch of these six new ETFs on the Moscow Exchange marks the beginning of the ramp-up phase of our plans in Russia.
“We are very happy that this new range provides an excellent addition to our growing portfolio of ETFs in Russia. MSCI, due to its size and depth of experience in our key markets, was the natural choice of index provider.”
Deborah Yang, MSCI Managing Director and Head of the MSCI Index Business – EMEA and India said: “We are delighted that following a thorough evaluation of the global index providers, FinEx chose to license six of our flagship country and regional indices for the first international equity ETFs in Russia. This agreement reinforces our position as the benchmark of choice1 for the ETF market and we look forward to building on this relationship as FinEx continues to develop further their ETF fund offerings.”
Evgeny Kovalishin, President and CEO, FinEx Plus, says: “Our strategic aim is to offer a comprehensive range of ETFs in Russia, so we are glad to announce our next six UCITS ETFs, available from the Moscow Exchange from today, based on leading index agency MSCI’s indices. Our funds are based on the equity indices of USA, Germany, UK, Japan, Australia and the US IT-industry enabling local investors to benefit from the success of the German automobile industry or US hi-tech companies. An investor doesn’t have to choose between Volkswagen or BMW shares, Apple or Microsoft shares, he or she can simply buy shares of one of our FinEx ETFs, giving that investor a well-diversified portfolio, representing leading companies of the country.”
FinEx was the first to list an ETF in Russia, back in April 2013, with its a Russian corporate Eurobond ETF launch, and earlier this month listed its FinEx Physically Held Gold ETF on the Moscow Exchange.
FinEx ETF expects continued strong growth in the ETF market for the next few years and it believes increasingly a growing proportion of this will be fuelled by investors in emerging markets, such as Russia.
FinEx ETF is managed by Simon Luhr. He has 30 years’ experience in investment management and banking, and established and managed the equities finance, delta one and prime brokerage businesses at both Morgan Stanley and Nomura. He later co-founded his own funds – Marble Bar Asset Management LLP, SW1 Capital LP and Finex Capital Management LLP.
Simon has also served as Deputy Chairman of the London Stock Exchange’s Stock Borrowing Committee and as a Member of the Bank of England’s Stock Borrowing and Repo Committee. He was one of the authors of The Sound Practice Guide for European Hedge Funds.
BNY Mellon, the largest global administrator of ETFs in terms of funds serviced, is custodian and administrator for the Funds.
1Source: Greenwich Report “Institutional Investors’ Relationship with ETFs Deepens”, May 2013, Greenwich Associates
Subscribe to Our Newsletter
