FinEx launches Russian Corporate Bond ETF

FinEx Group has made its first foray into the European ETF market, launching a product which tracks a Russian corporate bond index.

The FinEx Tradable Russian Corporate Bonds UCITS ETF, which launches today on the London Stock Exchange, will track the Barclays EM Tradable Russian Corporate Bond index. The index focuses on shorter maturity liquid Eurobonds issued by Russian non-sovereign issuers. FinEx intends to cross-list the ETF on other exchanges in Europe, as well as bringing the product to Russia in what it says will be the country's first ETF listing. "This is a very exciting time to launch a new ETF proposition. We believe that ESMA [the European Securities and Markets Authority] has addressed many of th...