The Moscow Stock Exchange has launched trading in shares of the yuan bond exchange-traded investment fund. The initial cost of one share is 100 rubles. Investments in the fund will be of interest to the widest range of investors, the Moscow Stock Exchange noted.
The Moscow Stock Exchange announced the start of trading in shares of a Chinese yuan-denominated exchange-traded bond fund. The Yuan Bonds Fund under the trading code YUAN is managed by Ingosstrakh Investments.
The initial cost of one share of the fund is 100 rubles. Operations are carried out in both rubles and yuan.
Vladimir Krekoten, Managing Director of Sales and Business Development of the Moscow Stock Exchange, said that twenty yuan bond issues worth about 800 billion rubles were placed on the site.
“This allowed us to start calculating the index of Russian yuan-denominated bonds and provide management companies with an effective benchmark for creating new investment instruments,” Krekoten said.
A few days ago, the Moscow Stock Exchange launched futures trading for the Armenian dram and the Kazakh tenge.
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.
