SPB Exchange will launch trading of exchange-traded funds with shares of companies that carry out buybacks (share buybacks). Along with it, four more new ETFs will begin trading on the platform, including gold, real estate and cybersecurity.
SPB Exchange will begin trading in five new international ETFs on October 6. This was reported by the site’s press service.
Thus, the total number of ETFs (exchange-traded mutual funds) present on the St. Petersburg Stock Exchange will reach 200.
On Friday, the SPB Exchange will begin trading ETFs of real estate, cybersecurity, gold, fintech, as well as companies that carry out buybacks (they buy back their own securities on the market).
iShares Gold Trust will track gold prices in the spot market. Trust Nasdaq’s First Cybersecurity ETF invests in cybersecurity companies. iShares US Real Estate ETF invests in real estate investment fund securities. ARK Fintech Innovation ETF invests in securities of fintech companies.
Invesco BuyBack Achievers ETF invests in companies that, through buybacks, have reduced the market share of their shares by 5% over the last year.
Payments for the new ETFs on the St. Petersburg Stock Exchange will be made in US dollars.
Author:
Kirill Bilyk
Source: RB
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