Moscow Exchange announced two new benchmark indices for small and mid-caps on MOEX and RTS.
Two new indices shall improve the diversification of the Russian stock market. The MCXSM, denominated in RUB, includes small and mid-cap stocks traded on MOEX, while the RTSSM, denominated in USD, encompasses RTS-listed small and mid-caps.
The new indices have been developed in response to requests from management companies investing in Russian mid-cap and small-cap stocks. MCXSM and RTSSM are compiled in line with UCITS. The indicators were launched for the benefit of ETFs, which have become more and more popular on the global market over the last twenty years.
The indices will be reviewed on a quarterly basis.
Contact:
Ksenia Liskina
Relationship Manager
Global Securities Services Russia
Ksenia.Liskina@unicredit.ru