Source launches Russia ETF in London

London-based exchange-traded fund (ETF) provider Source has launched a Russia ETF linked to Wiener Börse’s Russia Depository Price Return Index, a capitalisation-weighted price index comprising 15 American Depositary Receipts and Global Depository Receipts of Russian blue-chip stocks traded on the London Stock Exchange, where the fund is listed.

The ETF is denominated in US dollars and pays quarterly dividends, while the structure includes provisions to address uncertainties in the difference

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