The Central Bank thought of expanding the list of financial instruments available to unqualified investors. It can be replenished by exchange-traded mutual funds from Middle Eastern countries; “They are not as big as the Western ones,” but they are interesting for the market, the Bank of Russia said.
The Bank of Russia plans to give unqualified investors access to trading exchange-traded mutual funds (ETFs) in the Middle East. This was told by a member of the board of directors of the Central Bank, Mikhail Mamuta, his words are quoted by RBC.
Mamuta called Middle Eastern ETFs “not as big as Western ones,” but noted market interest in them. He clarified that the Central Bank is “seriously discussing” opening access to the Eastern ETFs to the unqualified.
The Bank of Russia also plans to lower qualification requirements for bonds that are available to unqualified investors without testing.
Previously, SPB Exchange began trading Hong Kong Stock Index ETFs listed on the Hong Kong Stock Exchange. In addition, the site plans to launch ETF trades on Chinese indices.
Author:
Kirill Bilyk
Source: RB
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