Russia’s leading exchange has been focusing on increasing its business with Far East traders and investors.
Moscow Exchange has announced the launch of trading in the FinEx MSCI China UCITS ETF (ticker FXCN). The FXCN tracks the MSCI China Index, which comprises 138 Chinese securities. The fund’s shares will be traded on Moscow Exchange’s securities market in RUB.
The FXCN is the first ETF in Russia giving exposure to emerging markets.
Moscow Exchange has been active in both providing Far East products to trade for its traditional Russian investor base, as well as attracting foreign traders to the exchange. We earlier reported on record Yuan trading volumes at the exchange.
For more details on the launch of the FXCN click here.
Forex Industry Report