Moscow Exchange began trading fund units for mid- and small-cap stocks
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On the Moscow Exchange (MOEX: MOEX) October 10 under the management of Management Company “Pervaya” started trading in shares of the exchange-traded mutual investment fund (MUIF) “Shares of medium and small capitalization” under the ticker SBSC. The trading code repeats the Moscow Exchange index of the same name with total gross return (MESMTR). With the launch of trading in shares of the new fund, the total number of mutual funds created on the basis of Russian shares will be 17.
The index includes shares of companies specializing in IT, real estate, retail, forestry, mining (oil, gas, metals), as well as transport and electric power. Including Polymetal securities (MOEX: POLY), Rostelecom (MOEX: RTKM), Aeroflot (MOEX: AFLT), VK (MOEX: VKCO) and HeadHunter.
The cost of a share at the time of fund formation is 10 rubles, the minimum purchase volume is one share. Trades and settlements are carried out in rubles. The fund’s commission and expenses are no more than 1.2% per year of the fund’s net asset value. All dividends received are reinvested into the fund.
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