Moscow Exchange has started trades in MKB-Russian Dividend Shares ETF

29.07.2021

 

Moscow Exchange has launched trades in units of the exchange-traded fund MKB – Russian Dividend Shares managed by AMC MKB Investments (ticker: MKBD). The Bank of Russia registered the fund's asset management rules on 21 June 2021.

The fund is traded in roubles and is designed for investors preferring dividend-paying shares of Russian companies. The maximum aggregate costs payable out of the fund's assets do not exceed 1.0% of the average annual value of its net assets.

The fund will be composed of assets included in MKB Dividend Shares (total return) Index (MDIVTR), tracking the total return on shares and depository receipts of twenty companies with maximum dividend return included in Moscow Exchange's IMOEX Index. The index is daily calculated by Moscow Exchange and disclosed on the official website of AMC MKB Investments.

The index will be rebalanced together with IMOEX Index four times a year. Its units can be bought at trades organised by Moscow Exchange.

"Our customers have demand for investments in shares paying high dividends, but generally find it hard to analyse and choose appropriate instruments on their own. To safeguard our customers against mistakes and give them a suitable instrument, we, jointly with our partners from the investment company Sova Capital, have designed a special index they may refer to, and build an ETF enabling investments in a dividend-paying portfolio with minimum efforts and costs," underlined Maxim Maletin, CEO of MKB Investments.