The Moscow Stock Exchange has started trading shares of the first long-term bond exchange-traded fund. The fund includes OFZ with an average yield to maturity of 13.3% and a maturity of 14 years. Bond funds allow investors not to waste time creating a diversified portfolio, the Moscow Stock Exchange noted.
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Trading in shares of the first exchange-traded investment fund for long-term bonds has begun on the Moscow Stock Exchange. This was reported by the press service of the trading platform.
The fund is represented under the symbol SBLB and is managed by the company Pervaya. At the time of the fund’s formation, one share cost ten rubles, and the minimum purchase was one share.
“Bond funds allow investors not to waste time compiling a diversified portfolio,” said Boris Blokhin, managing director of the Moscow Stock Exchange’s stock market department.
The fund includes federal loan bonds with an average yield to maturity of 13.3% and a maturity of 14 years.
Author:
Kirill Bilyk
Source: RB
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