Tinkoff Capital Management Company launched Tinkoff Russian Technologies BPIF to invest in shares of public technology companies in Russia. This is stated in Tinkoff’s message.
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The fund tracks the Tinkoff Russian Technology Total Return index, which reflects the dynamics of stocks of Russian companies whose business integrates smart technologies. It is a total return index: it takes into account both price changes of the securities included in it and dividend payments.
Currently, the fund includes securities of IT companies such as MTS, VK, Ozon, Astra, Positive Technologies, Diasoft. It is reported that the list will be expanded, among other things because the fund will directly participate in the initial offerings of companies in the technology sector.
Trading in fund units is available to non-qualified investors. The fund’s shares are traded on the Moscow Stock Exchange in the main trading mode. The cost of one share at the beginning of trading is 10 rubles.
The fund reportedly does not pay taxes on profits from securities transactions; This allows you to increase the result of the strategy compared to purchasing a similar set of securities in a brokerage account on your own. Dividends on shares of Russian companies received by the fund are not subject to tax.
Author:
Anastasia Marina
Source: RB
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