FinEx ETF is to license a number of MSCI indices for new range of international equity exchange-traded funds which have listed in Ireland and Moscow.
The funds are: FinEx MSCI Germany UCITS ETF; FinEx MSCI USA UCITS ETF; FinEx MSCI USA IT UCITS ETF; FinEx MSCI UK UCITS ETF; FinEx MSCI Australia UCITS ETF and FinEx MSCI UCITS Japan ETF.
The ETFs have been listed on the Irish Stock Exchange and cross-listed on the Moscow Exchange via a cross listing mechanism pioneered by FinEx ETF.
Simon Luhr, managing partner and chief executive, FinEx Capital Management, says: “The launch of these six new ETFs on the Moscow Exchange marks the beginning of the ramp-up phase of our plans in Russia.
“We are very happy that this new range provides an excellent addition to our growing portfolio of ETFs in Russia. MSCI, due to its size and depth of experience in our key markets, was the natural choice of index provider.”
Deborah Yang, MSCI managing director and head of the MSCI index business – EMEA and India, says: “We are delighted that following a thorough evaluation of the global index providers, FinEx chose to license six of our flagship country and regional indices for the first international equity ETFs in Russia. This agreement reinforces our position as the benchmark of choice for the ETF market and we look forward to building on this relationship as FinEx continues to develop further their ETF fund offerings.”
FinEx was the first to list an ETF in Russia, back in April 2013, with its a Russian corporate Eurobond ETF launch, and earlier this month listed its FinEx Physically Held Gold ETF on the Moscow Exchange.
BNY Mellon is custodian and administrator for the funds.