The Moscow Stock Exchange will launch a trading index for shares of real estate investment funds. Its calculation and publication will begin on September 27, the press service of the trading platform reported.
Author:
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The index will be based on the share prices of closed-end mutual funds (ZMUIF) investing in the Moscow Exchange. At the first stage, the calculation will include closed-end mutual funds of seven investment funds, including Alfa Capital Rental Flow, Modern Rental Business and Commercial Real Estate.
The index will be calculated daily and its base will be reviewed once a quarter. The number of closed-end mutual funds (index participants) will be floating.
To be included in the calculation base of the new index, a closed-end mutual fund must have a liquidity ratio of at least 1.5% and the trading volume of shares must be at least 150 thousand per day during the three months preceding the date of establishment of the base.
The Moscow Exchange launches new investment instruments almost every month. For example, in July the platform started trading futures on the Moscow Exchange IPO index, in March – futures on the Dow Jones and Russell indices, in December 2023 – on diamond sets and investment diamonds.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
