Moscow-based Troika Dialog has launched the first locally listed fund to track the blue-chip RTS Index in the Russian market.
The lack of liquid exchange-traded derivatives on the Russian Trading System (RTS) stock exchange has in the past hampered the creation of ETFs because tracking error was too wide. However, the launch of the RTS Index in April 2009 has provided a liquid index underlying that is suitable for ETFs.
The Troika ETF is targeted at the self-directed professional investor market
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