Exchange-traded notes listed on AIX will allow local investors to invest globally
Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that, on December 10, 2019, iX exchange traded notes (“ETN”, “Notes”) have been added to the AIX official list. iX ETNs are the first of a broad range of exchange-traded products that are expected to be launched on the AIX. CEO of AIX, Tim Bennett, commented: “We are excited to announce the listing of the five ETN’s on the AIX. Global institutional and retail investors have been using exchange traded products for many years to diversify their investments at low cost. Now, investors in Kazakhstan are able to access the same investment opportunities – same funds, similar cost and performance. These listings will make exchange traded products more accessible for local investors and broaden the investor base.” ETNs are designed to provide investors access to the returns of various market benchmarks. The returns of ETNs are linked to the performance of a market benchmark or strategy, less expenses. iX ETNs can be bought and sold on AIX like shares and return to investors the underlying value of the assets, less expenses, in cash at maturity. The iX ETN Funds invest in a number of iShares and USCF exchange-traded funds (“ETF”) which in turn track selected benchmark indexes. The returns of the iX ETNs are expected to closely replicate the returns of the underlying market indices. Trading in iX ETNs on the AIX commenced on Friday 13 December 2019 with quotation and settlement in US dollars on the following tickers:- iX US 500 Equities SPC Limited (IXU) tracks the return of the S&P 500 Index, which measures the performance of the 500 largest companies within the United States market, according to size, liquidity and free float criteria.
- iX US Aggregated Bonds SPC Limited (IXA) tracks the return of the Bloomberg Barclays US Aggregate Bond Index.
- iX Global Emerging Markets Equities SPC Limited (IXE) tracks the return of the MSCI Emerging Markets Investable Market Index which measures the performance of large, mid and small capitalization stocks across emerging markets countries, which comply with certain size, liquidity and free-float criteria.
- iX Global Emerging Markets Bonds SPC Limited (IXB) tracks the return of the J.P. Morgan EMBI Global Core Index, which measures the performance of US dollar denominated fixed and / or floating rate emerging market bonds issued by sovereign and quasi-sovereign entities.
- iX Brent Oil SPC Limited (IXО) tracks the daily changes in percentage terms of the spot price of Brent crude oil, as measured by the daily changes in the price of a specified short-term futures contract on Brent crude oil.