Several dozen exchange-traded funds (ETFs and mutual funds) are available to investors on the Moscow Exchange. And before choosing an investment object, it was good to immediately see all the costs - the maximum commission for owning shares of the fund.
Typically this information is displayed on the website of the management company (or provider). But there is a small catch... many management companies on the main page focus only on management fees. Hiding the remaining possible expenses deep, deep in the rules of trust management (documents of dozens of pages).
“Look, guys and girls! We have the lowest management fees. Only 0.1 - 0.2% per year. Where have you seen it cheaper?
And without knowing this internal kitchen, it is very easy to end up with additional unplanned expenses. Which, by the way, you will bear the entire time you own the fund’s shares.
Additionally, in addition to the management fee, the investor may be charged:
- depository expenses;
- other expenses.
Many exchange-traded funds (or rather their providers) follow the rule of least resistance. Why choose and buy individual securities for the fund yourself? It could be easier. Take some foreign ETF and sell it in Russia. On the one hand, there is nothing wrong with this. Excluding commissions. Foreign ETFs also charge management fees. And its size can be attributed to hidden commissions. And boldly add to the costs that Russian investors will incur when buying exchange-traded funds on the Moscow Exchange.
As a result, it can easily turn out that if you choose a mutual fund (or ETF) with a modest management fee, you will actually pay several times more.
Why is it important to pay attention to exchange-traded fund fees?
The answer is simple: They take part of your profits. And the higher the commission, the less profit goes to you.
I recommend two articles on the topic:
- 3 main factors for successful investments;
- How not to lose hundreds of thousands on commissions.
Therefore, other things being equal, it is better to pay attention to funds with minimal costs.
Real estate
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| FINEX - Shares of US real estate investment trusts | FXRE | Invests in US real estate trusts (REITs). Consisting of 130 companies. By law, REITs must pay out 90% of their income as dividends. | 0,6 | FXRE Review |
Advantages and disadvantages
Among the key advantages of the tool it is worth highlighting:
- accessibility – the cost of one share is often significantly lower than the price of one member company;
- simplicity - to invest, you just need to choose a suitable ETF and purchase an asset; no professional certificates are required;
- potential - in most cases they invest in large foreign companies, among which there is a stable increase;
- cost reduction - investors are not required to pay tax for redistribution of the portfolio composition; the corresponding obligation is assigned to the provider;
- diversification – investing in funds allows you to reduce risks, while achieving returns higher than on deposits.
A portfolio of investment funds is formed based on a specific stock exchange index (benchmark).
Despite the advantages of mutual funds, there are also disadvantages. The first one is the management fee. Companies charge about 0.9% of the invested amount for doing their own work, in particular for tracking quotes and building a portfolio.
The second disadvantage is that funds do not provide dividends on the Russian market. The accumulated funds are reinvested, which increases the value of the portfolio. The participant will be able to receive income only due to the exchange rate difference. The only dividend ETF is RUSE from ITI Funds.
Foreign ETFs pay dividends, while the commission charged is comparatively lower - within 0.3%.
Gold ETFs
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| FinEx Gold ETF | FXGD | Independent purchase and storage of gold bars | 0,45 | Review and comparison of FXGD and VTBG TGLD Review Battle VTBG vs TGLD vs FXGD |
| VTB - GOLD FUND | VTBG | Independent purchase and storage of gold bars | 0.66 | |
| Tinkoff-Gold | TGLD | The fund buys gold on the exchange (GLDRUB_TOM) | 0,6 (0,54+0,06) | |
| Alfa Capital Gold | AKGD | The fund buys gold on the Moscow Exchange (GLDRUB_TOM) | 1,04 | |
| ATON - Silver | AMSL | Buys the foreign ETF iShares Silver Trust, which owns silver bullion | 1,45 (0.95 + 0,5) | AMSL Review and Alternatives |
| ATON – Gold miners | AMGM | Invests in precious metals mining companies through the purchase of the VanEck Vectors Gold Miners foreign ETF | 1,47 (0,95+0,52) |
Popular questions about ETF FinEx.
What taxes does an investor pay when investing in the FinEx ETF?
Any of the ETFs is a security, listed on the Moscow Exchange, which means it has the status of a share; accordingly, when owning an ETF, the investor pays a tax in the form of 13% personal income tax in the event of an increase in the market value. Or the investor is exempt from paying tax if he holds the shares for 3 years or more.
Is it possible to buy FinEx ETFs using an IIS?
Not only is it possible, but it is also necessary. This will be especially useful for novice investors. This instrument is so convenient that when investing for a period of 3 years or more, it will allow beginners to have a good return, significantly exceeding any bank deposits.
In addition, you can receive a deduction from the state in the form of 52,000 rubles.
How is the commission charged for any FinEx ETF?
Most funds have a commission of 0.9% , but not everyone knows how it is written off. Everything is simple, for example, the commission of the FXRL fund is 0.9%, which means it is calculated as 1/365 * 0.9%. But nothing is debited from your account, all commissions are calculated from the cost of the fund itself!
What happens if FinEx goes bankrupt?
In general, nothing bad will happen because... the fund does not own your money, but only buys shares with it that already belong to you in the proportions in which you invested. In the best case scenario, if one provider goes bankrupt, the fund can be managed by any other provider. In the worst case scenario, assets will be distributed among shareholders.
What will happen if new sanctions are introduced?
As a rule, sanctions affect individual large Russian companies or individual individuals. Sanctions cannot be applied to European ETF providers because all funds are under UK jurisdiction.
What about dividends? Does any Finex ETF pay them?
No, none of the ETFs pay dividends. All dividends received at the same moment are automatically reinvested back into securities, resulting in additional profitability.
How to buy FinEx ETF?
Can this be done on the Phoenix website? Since these ETFs are securities, purchasing them requires access to the stock market, which can be provided by any Russian broker, for example, Tinkoff Investments. There is no other way to buy an ETF.
Money Market Funds
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| FinEx Cash Equivalents UCITS ETF (RUB) | FXMM | Short-term US government bonds (Treasury Bills) with currency hedging | 0.49 | |
| FinEx Cash Equivalents UCITS ETF (USD) | FXTB | Short-term US government bonds (Treasury Bills) in USD | 0.2 | FXTB Review |
| VTB – Liquidity | VTBM | Short repo transactions | 0.5 | VTBM Review |
| Raiffeisen - Money Market Fund | RCMM | Analogue to a bank deposit for short-term placement of free funds | 0.5 | |
| Sber - Savings | SBMM | Short repo transactions | 0,5 |
Russian Bond Funds
OFZ
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| Sberbank - Moscow Exchange Government Bond Index | SBGB | All issues of government bonds of the federal loan of the Russian Federation (OFZ). The average duration of the fund is 5 years. | 0,8 | |
| REGION – Moscow Exchange Government Bond Index (1-3 years) | SUGB | Government bonds (OFZ) with a duration of 1-3 years. | 0,8 | SUGB Review |
| BSPB - OFZ 1000 | SPBF | As part of OFZ with a duration of 3 years (1000 days). | 0,9 | |
| Ingosstrakh inflationary | INFL | OFZ-in includes government bonds with built-in inflation protection | 0,4 | INFl review |
Corporate
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| VTB – Russian corporate bonds smart beta | VTBB | Corporate bonds of the Russian Federation with a duration of 2-3 years. | 0,71 | |
| Sberbank - Moscow Exchange Index of Ruble Corporate Bonds | SBRB | Bonds of Russian companies with a duration of 1-3 years | 0,8 | |
| Gazprombank - Corporate bonds 2 years | G.P.B.S. | Bonds of a Russian company with a duration of 2 years | 0,45 | GPBS/GPBM Review |
| Gazprombank - Corporate bonds 4 years | G.P.B.M. | Bonds of a Russian company with a duration of 4 years | 0,45 | |
| BSPB – Corporate bonds 1000 | SPBC | Includes Russian corporate bonds with a duration of 3 years (1000 days) | 1 | |
| Ingosstrakh – corporate bonds | INGO | High quality Russian corporate bonds (BBB rating) with a duration of 1-3 years | 0,4 | |
| Otkritie – Russian Bonds | OPNB | Corporate bonds of the Russian Federation (from 1 year, rating BB- ... BBB-). The average duration of the fund is 2 years. | 1,31 | OPNB Review |
| Alpha Capital Managed Bonds | AKMB | Bond fund (OFZ, corporate securities) with active management | 1,25 | AKMB Review |
| ATON — Russian bonds+ | AMRB | Bond fund (OFZ, corporate securities) with active management | 0,55 | AMRB Review |
VDO
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| ATON – High-yield Russian bonds | AMRH | Ruble high-yield bonds (HYB) of Russian companies. | 0,95 | |
| BKS - SME High Yield Bonds | BCSB | High-yield bonds (HYB) of medium and small companies of the Russian Federation | 1,35 | BCSB Review |
| Tinkoff Bonds RUB | TBRU | High-yield bonds (HYB) of Russian companies of moderate and high creditworthiness | 0.99 | |
| Raiffeisen – High Yield Bonds | RCHY | Ruble high-yield bonds (HYB) of Russian companies. | 0,45 |
Russian Eurobonds
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| FinEx Tradable Russian Corporate Bonds UCITS ETF (USD) | FXRU | Eurobonds of the largest Russian companies | 0,5 | |
| FinEx Tradable Russian Corporate Bonds UCITS ETF (RUB) | FXRB | Eurobonds of Russian companies with currency hedging | 0,95 | |
| ITI Funds Russia-focused USD | RUSB | Russian Eurobonds | 0,5 | |
| Sberbank – Moscow Exchange Index of Russian Liquid Eurobonds | SBCB | Eurobonds of Russian companies | 0,8 | |
| RSHB - Russian corporate Eurobonds, vector I.S.G. | PRIE | Eurobonds of Russian companies with high ESG ratings | 0,85 | |
| VTB Russian corp. Eurobonds smart beta | VTBU | Eurobonds of Russian companies | 0,61 | |
| Raiffeisen – Eurobonds | RCMB | Eurobonds of Russian companies | 0,4 | RCMB Review |
SPDR Gold Trust
Fund (GLD, founded 2004) based on following the price of gold. GLD is used as a hedging asset in the portfolio. It includes one single asset – gold.
The table below shows the main characteristics of the fund ↓
| Fund parameters | Meaning |
| Ticker | GLD |
| Type | Commodity (precious metals) |
| Investment costs (Expense Ratio) | 0,4% |
| Number of assets | 1 |
| Profitability | |
| Profitability over 5 years | 42,4% |
| Profitability for 3 years | 30,4% |
| Risk | |
| Volatility | 9,5% |
| Beta coefficient (β) | -0,08 |
The fund follows a single asset: gold. Suitable for reducing portfolio risks and as a savings asset
US bonds
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| VTB – American Corporate Debt Fund | VTBH | High yield bonds of US companies. Contains about 1200 papers. Inside the SHYU ETF - iShares $ High Yield Corp Bond | 0,91 (0,41 + 0,5) | VTBH Review |
| Discovery - US Bonds | OPNU | High yield bonds of US companies. Contains about 1200 papers. Inside the SHYU ETF - iShares $ High Yield Corp Bond | 2,08 (1,58 +0,5) | OPNU Review |
| VTB - American Corporate Debt-Investment Rating | VTBI | Reliable bonds of US companies with a high investment grade rating (AAA - BBB) | 0,44 (0.35 + 0.09) | VTBI Review |
| ATON - Reliable bonds | AMIG | Invests in US corporate securities with investment grade ratings. The portfolio includes more than 2 thousand issues. | 0,69 (0,55 + 0,14) | AMIG Review |
| Finex - US TIPS UCITS ETF | FXTP | Invests in US Inflation Protected Bonds (TIPS) | 0,25 | FXTP Review |
| Finex – RUB US TIPS UCITS ETF | FXIP | Invests in US inflation-protected bonds (TIPS) with ruble hedge | 0,35 | FXIP Review |
Bonds - developed / developing countries
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| ATON - Income Bonds of the World | AMHY | Invests in corporate VDOs through the purchase of the iShares iBoxx $ High Yield Corporate Bond ETF | 1,04 (0,55 + 0,49) | |
| VTB - Eurobonds in euro smart beta | VTBY | Eurobonds of developing countries | 0,61 | Review by VTBY |
| Finex - Fallen Angels UCITS ETF | FXFA | Invests in fallen angel bonds (junk or high yield) among developed countries | 0,6 | FXFA Review |
| Finex - Fallen Angels Dividend Paying UCITS ETF | FXRD | High-yield corporate bonds of developed countries with ruble hedge and payment of dividends. Its composition and strategy are identical to FXFA. | 0,7 | FXRD Review |
| Ingosstrakh – EM bonds | INEM | Invests in emerging market bonds through the iShares JP Morgan $EM Bond Foreign ETF. | 0,85 (0,4 + 0,45) | |
| BCS - Global Income Bonds | BCSY | Contains two foreign ETFs investing in US high-yield bonds and emerging markets. | 1,65 (1,16 + 0,49) | |
| Tinkoff Eurobonds EUR | TBEU | Invests in High Yield class Eurobonds denominated in euros from 20 countries. | 0,69 | |
| Alfa Capital Managed Eurobonds | AKEB | Fund with an active strategy. Invests in Eurobonds mainly from developing countries. | 1,45 |
History of FinEx
Investment company FinEx (finex-etf.ru) specializes in the creation of investment funds traded on the stock exchange. The company is part of the FinEx group and provides the opportunity to invest in various instruments. At the time of entering the Russian stock market, the value of the company's assets was more than one billion US dollars.
FinEx Funds plc is an international investment company incorporated on 29 October 2009. It is registered in Ireland as a collective investment organization in securities, regulated by EU legislation. Established and regulated by the laws of the Irish Republic as a public company, in accordance with the provisions of the Company Laws and the Permission from the Central Bank of Ireland.
To achieve its goals, the company invests the proceeds from the issue of shares in stock securities. According to the dividend policy, a company can declare dividends on any class of shares at any time. The management company is a subsidiary of FinEx Capital Management LLP, acting as a limited liability partnership. The company is regulated by the FCA Financial Conduct Authority.
Russian Federation shares
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| Tinkoff - Moscow Exchange Index | TMOS | BPIF invests in shares of large public companies in Russia. The target index is the Moscow Exchange Index (IMOEX) | 0,79 | TMOS Review |
| FinEx Russian RTS Equity UCITS ETF (USD) | FXRL | Shares of Russian companies included in the RTS index | 0.9 | |
| ITI Funds RTS Equity ETF | RUSE | Shares of the largest companies in the Russian Federation | 0.65 | |
| Sber — Moscow Exchange total return index “gross” | SBMX | Shares of Russian companies in the Moscow Exchange total gross return index | 1 | SBMX Review |
| VTB – Moscow Exchange Index | VTBX | Shares of Russian companies in the Moscow Exchange total gross return index | 0,69 | VTBX Review |
| Sber - Responsible Investments | SBRI | Shares of Russian companies with sustainable development of corporate and social culture (ESG) | 1 | SBRI Review |
| VTB – Fund for Sustainable Development of Russian Issuers | VTBF | Shares of Russian companies with sustainable development of corporate and social culture (ESG) | 1,3 | |
| RSHB – Moscow Exchange Index – RSPP Vector of sustainable development, full profitability, gross | ESGR | Shares of Russian companies with high ESG ratings | 1,55 | ESGR Review |
| Raiffeisen Management Company – Moscow Exchange Total Return Index 15 | RCMX | 15 most liquid shares (blue chips) of the Moscow Exchange | 0,5 | RCMX Review |
| Otkritie - Russian Stocks | OPNR | 15 most liquid shares (blue chips) of the Moscow Exchange | 1,4 | OPNR Review |
| Alfa Capital Management Company Managed Russian shares | AKME | Invests in shares and depositary receipts of Russian companies and uses an active management strategy | 1.75 | AKME Review |
| BPIF INCOME Index of dividend shares of the Russian Federation | DIVD | Selecting stocks with stable dividends and good fundamentals | 0,99 | DIVD Review |
| MKB – Russian dividend shares | MKBD | Tracks the Russian Dividend Aristocrats Index (MDIVTR). Dividends are reinvested. | 1 | |
| Income - Russian Growth Stock Index | GROD | Shares of medium and small companies with high growth rates of revenue, profit and low volatility. | 0,99 | |
| ATON Management Company – Russian shares+ | AMRE | Fund with an active strategy. Invests in shares of the largest companies and a small stake in second-third tier companies | 0,95% | AMRE Review |
| Dividend Aristocrats of the Russian Federation - Management Company Finam | FMRU | Companies from the Moscow Exchange index with the highest dividend yield | 1.05 | |
| SBER - Halal investments | SBHI | An exchange-traded fund that invests in shares of Russian companies in accordance with Shariah norms. | 1 |
FinEx services
Today, FinEx Funds plc provides investors with the opportunity to trade investment funds, providing them with investments in international indices or gold. Investments in ETFs give investors the opportunity to strengthen their portfolio investments through highly reliable securities of foreign companies and receive additional benefits through low-risk investments in Eurobonds and precious metals.
No investor qualifications are required to access the ETF. In addition, ETF funds on the Moscow Exchange have a very low entry threshold, about 1000-4000 rubles. Trading through a Russian broker allows you to carry out exchange transactions from one account, regardless of whether the investments are “Russian” or “foreign”, as well as have a tax agent represented by him.
The FinEx management company has created a number of advantages for Russian investors:
- simple trading - funds are traded similarly to ordinary shares;
- transparent investments online;
- the ability to use any type of strategy;
- choice of allocation, that is, determining the strategy and tactics for managing your investment portfolio.
I also recommend reading:
Why does an investor need to know a company's free cash flow?
What an investor needs to know about free cash flow
Investors can take advantage of such services as:
- disclosure of the list of Authorized Persons the next day after the start of trading;
- announcement of the estimated value of securities every ten minutes during the session;
- disclosure of data on daily transaction volumes.
Thus, Russian investors have every opportunity to effectively invest in a new instrument.
You can purchase shares of FinEx funds on the Moscow Exchange in any way: through a broker or another trading participant, regardless of whether he has market maker status. Brokers provide the opportunity to purchase shares via the Internet and by telephone.
US stocks
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| Wide market | ||||
| FinEx USA UCITS ETF (USD) | FXUS | Shares of large and mid-sized US companies | 0.9 | |
| Sberbank – S&P 500 | SBSP | US stocks from the S&P 500 index | 1 | SBSP Review |
| Alpha - Capital S&P 500 (S&P 500) | AKSP | US stocks from the S&P 500 index | 0.97 (0,94+0.03) | |
| VTB Fund of shares of American companies | VTBA | US stocks from the S&P 500 index. Invests in the Irish fund CSPX. | 0.88 (0.81+0.07) | VTBA Review |
| Raiffeisen - American shares | RCUS | US stocks from the S&P 500 index. Invests in the Irish fund CSPX. | 0,56 (0,49 + 0,07) | RCUS Review |
| Tinkoff S&P 500 | TSPX | US stocks from the S&P 500 index | 0,79 | TSPX Review |
| ETFs from different sectors (IT, Biotechnology) | ||||
| FinEx USA Information Technology UCITS ETF (USD) | FXIT | US tech stocks | 0.9 | FXIT vs. FXIM |
| FinEx USA Information Technology UCITS ETF (USD) | FXIM | US tech stocks | 0.9 | |
| Alpha Capital - Technologies 100 | AKNX | US tech stocks | 1.2 (1+0.2) | AKNX review |
| Tinkoff NASDAQ-100 Technology sector Index | TECH | BPIF invests in Top 40 information technology companies. NASDAQ-100 Technology Sector Target Index | 0,79 | TECH Review |
| Freedom - Technology Leaders | MTEK | 10 largest US tech companies | 2.5 | MTEK Review |
| Informatics+ – Capital System | SCIP | US Software Developer Stocks | 1,51 (1,05 + 0,46) | SCIP Overview |
| ATON – Innovations | AMIN | Invests in shares of innovative companies through the actively managed foreign ETF ARKK | 1,7 (0,95+0,75) | |
| ATON – Digital future | AMSC | Invests in shares of conductor manufacturers through foreign iShares PHLX Semiconductor (ETF SOXX) | 1,41 (0,95 + 0,46) | |
| ATON – Cloud technologies | AMCC | Shares of cloud technology companies through foreign First Trust Cloud Computing (ETF SKYY) | 1,55 (0,95 + 0,6) | |
| Tinkoff Nasdaq Biotechnology | TBIO | Pharmaceutical and Life Sciences Stocks | 0,79 | TBIO Review |
| Alfa Capital Medicine | AKMD | Stocks of medical and biotechnology companies | 1.93 (1,51 + 0,32) | |
| ATON - Medicine and Biotech USA | AMHC | US companies from the medical sector through the foreign ETF IYH | 1,38 (0,95+0,43) | |
| ATON - Genetic revolution | AMGR | Invests in shares of genetic companies through the foreign ARK Genomic Revolution with active management | 1,7 (0,95 + 0,75) | |
| Tinkoff ESG Leaders | TSST | The fund includes 50 companies from around the world with the highest ESG ratings | 0,69 | |
| Tinkoff Semiconductors | TSOX | The fund invests in shares of companies that manufacture semiconductors and semiconductor equipment. | 0,69 | |
| Tinkoff FinTech | TFNX | Invests in shares of companies from the financial technology sector. | 0,69 | |
| Alfa Capital Video Games | AKVG | Shares of video game development and production companies. It consists of about 20 companies from all over the world. | 1,45 | |
| ETFs with different strategies and factors | ||||
| Dividend Aristocrats USA - Management Company Finam | FMUS | Companies must pay dividends for 10 years and increase them annually for the last 5 years. | 1,16 (1,1 + 0.06) | FMUS Review |
| ATON - Dividends | AMDG | American dividend stocks through the purchase of a foreign ETF VIG | 1,01 (0.95 + 0,06) | |
| ATON - Undervalued US companies | AMVF | Invests in US Value companies from the Russell 1000 Index. | 1,14 (0,95 + 0,19) | AMVF Review |
| ATON - Bet on growth | AMGF | Invests in US growth companies from the Russell 1000 index. | 1,14 (0,95+ 0,19) | |
| Tinkoff Index IPO | TIPO | Invests in companies after IPO on US exchanges | 0,99 | TIPO Review |
| Tinkoff Index SPAC | TSPV | Investing in stocks of companies that invest in SPACs | 0,99 | |
| ATON - Quiet Haven | AMLV | Invests in low volatility US stocks through the iShares MSCI USA Minimum Volatility Foreign ETF | 1,1 (0,95+0,15) | |
| ATON - US Growth Leaders | AMMF | US momentum stocks via iShares MSCI USA Momentum Factor (ETF MTUM) | 1,1 (0,95 + 0,15) | |
| Opening - US Stocks | OPNS | US momentum stocks via iShares MSCI USA Momentum Factor (ETF MTUM) | 1,14 (0,99 + 0,15) | |
| Tinkoff Green Economy | TGRN | Invests in shares of leading companies in the development of environmentally friendly technologies around the world. About 50% is invested in American companies, the other half is invested in the rest of the world (China, France, Israel and about a dozen other countries). | 0.99 | |
| FinEx Video Gaming and eSports | FXES | Shares of global companies in the video game and e-sports industry. | 0,9 | |
| Alfa Capital Cosmos | AKSC | Shares of companies supplying the space industry: satellites, GPS, rockets, defense industry. | 1,75 | AKSC Review |
| Alfa Capital - Kvant | AKQU | Shares from the S&P500 index are weighted not by capitalization, but in equal shares | 4,05 | |
| Tinkoff CyberSecurity | TCBR | Invests in shares of companies that produce software and hardware in the field of cybersecurity. More than 80% are US companies. | 0,69 | |
| Tinkoff Index Nasdaq buyback | TBUY | The fund includes companies that, as a result of buybacks, have reduced the number of shares outstanding by 5% over the past 12 months. | 0,69 | |
| Tinkoff AI-Robotics | TRAI | Invests in shares of companies traded on US exchanges and that are leaders in the development of technology, artificial intelligence and robotics. | 0,69 | |
| BCS Favorites of world investment funds | BCSH | The foreign ETF GVIP includes Goldman Sachs Hedge Industry VIP. The fund's strategy is to purchase the 50 most popular company shares among hedge funds. | 1,61 (1,16 + 0,45) | BCSH Review |
| Income - Global Growth and Quality Stocks | GQGD | Invests in quality companies around the world that have a history of outperforming the market. The bet is that there will be rapid growth in the future. | 1,29 | |
| Income - Global Low Volatility Equities | GLVD | Reliable companies around the world with stable business. | 0,99 | |
| Sber — Blockchain Economy | SBBE | Invests in shares of foreign companies whose main activities are related to blockchain technologies. | 1,36% | SBBE Review |
List of all ETFs and mutual funds on the Moscow Exchange
138 ETFs and mutual funds from 19 providers (issuers) are available on the Moscow Exchange. Updated 01/06/2022.
| Ticker | Fund | Asset class | Format | Provider | Region | Underlying asset |
| AKCH | Alfa Capital Chinese shares | Stock | BPIF | Alfa Capital | China | Foreign ETF units |
| AKEB | Alfa Capital Managed Eurobonds | Bonds | BPIF | Alfa Capital | The whole world | Active management of a package of Eurobonds (corporate and sovereign) of emerging markets |
| AKEU | Europe 600 | Stock | BPIF | Alfa Capital | Europe | Units of a foreign fund for shares of 600 European companies of various capitalizations |
| AKGD | Alfa Capital Gold | Commodities | BPIF | Alfa Capital | The whole world | Physical gold purchased on the precious metals market of the Moscow Exchange |
| AKMB | Alfa Capital Managed Bonds | Bonds | BPIF | Alfa Capital | Russia | Moscow Exchange Alfa Capital Bonds indicator: OFZ, municipal bonds and corporate bonds of the Russian Federation |
| AKMD | Alfa Capital Medicine | Stock | BPIF | Alfa Capital | USA | Shares of foreign ETFs for the Healthcare industry in the proportion chosen by the manager |
| AKME | Alfa Capital Managed Russian shares | Stock | BPIF | Alfa Capital | Russia | Selecting a manager through a special index |
| AKNX | Technologies 100 | Stock | BPIF | Alfa Capital | USA | Shares of a foreign fund focused on the NASDAQ-100 index |
| AKQU | Alfa Capital Quantum | Stock | BPIF | Alfa Capital | USA | Up to 30 stocks of the largest US corporations, selected by algorithm |
| AKSС | Alfa Capital Cosmos | Stock | BPIF | Alfa Capital | The whole world | Selection of a manager through a special index AKSPSP |
| AKSP | Alpha - Capital S&P 500 (S&P 500) | Stock | BPIF | Alfa Capital | USA | Foreign fund shares of S&P 500 stocks |
| AKVG | Alfa Capital Video Games | Stock | BPIF | Alfa Capital | The whole world | Selecting a manager through a special index |
| AMCC | "ATON - Cloud Technologies" | Stock | BPIF | ATON | USA | Units of the foreign ETF First Trust Cloud Computing |
| AMDG | "ATON - Dividends" | Stock | BPIF | ATON | USA | Units of the foreign ETF Vanguard Dividend Appreciation |
| AMEM | "ATON - Markets of Opportunities" | Stock | BPIF | ATON | The whole world | Units of the foreign ETF iShares Core MSCI Emerging Markets |
| AMGF | "ATON - Bet on growth" | Stock | BPIF | ATON | USA | Units of the foreign ETF iShares Russell 1000 Growth |
| AMGM | "ATON - Gold Miners" | Stock | BPIF | ATON | The whole world | Units of the foreign ETF VanEck Vectors Gold Miners |
| AMGR | "ATON - Genetic Revolution" | Stock | BPIF | ATON | USA | Units of the foreign ETF ARK Genomic Revolution |
| AMHC | "ATON - Medicine and Biotech USA" | Stock | BPIF | ATON | USA | iShares US Healthcare Foreign ETF Units |
| AMHY | "ATON - Income Bonds of the World" | Bonds | BPIF | ATON | The whole world | Units of the foreign ETF iShares iBoxx $ High Yield Corporate Bond |
| AMIG | "ATON - Reliable Bonds" | Bonds | BPIF | ATON | USA | Units of the foreign ETF iShares iBoxx $ Investment Grade Corporate Bond |
| AMIN | "ATON - Innovations" | Stock | BPIF | ATON | USA | Units of the foreign ETF ARK Innovation |
| AMLV | "ATON - Safe Haven" | Stock | BPIF | ATON | USA | Units of the foreign ETF iShares MSCI USA Minimum Volatility |
| AMMF | "ATON - US Growth Leaders" | Stock | BPIF | ATON | USA | Units of the foreign ETF iShares MSCI USA Momentum Factor |
| AMRB | "ATON – Russian Bonds +" | Bonds | BPIF | ATON | Russia | Units of Open Investment Fund "Aton-Bond Fund" |
| AMRE | "ATON – Russian shares +" | Stock | BPIF | ATON | Russia | Shares of Open Investment Fund "Aton-Petr Stolypin" |
| AMRH | ATON – High-yield Russian bonds | Bonds | BPIF | ATON | Russia | VDO Index ARHYB |
| AMSC | "ATON - Digital Future" | Stock | BPIF | ATON | USA | Units of the foreign ETF iShares PHLX Semiconductor |
| AMSL | "ATON - Silver" | Commodities | BPIF | ATON | The whole world | iShares Silver Trust Units |
| AMVF | "ATON - Undervalued US Companies" | Stock | BPIF | ATON | USA | Units of the foreign ETF iShares Russell 1000 Value |
| BCSB | BCS SME High Yield Bonds | Bonds | BPIF | BKS | Russia | Moscow Exchange High Yield Bond Index |
| BCSH | BCS Favorites of world investment funds | Stock | BPIF | BKS | USA | Goldman Sachs Hedge Industry VIP Foreign ETF Units (50 Most Popular US Stocks in Hedge Fund Portfolios) |
| BCSY | BCS Global Income Bonds | Bonds | BPIF | BKS | The whole world | Units of two foreign ETFs - iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and iShares JP Morgan EM High Yield Bond ETF (EMHY) |
| DIVD | INCOME Index of dividend shares of the Russian Federation | Stock | BPIF | INCOME | Russia | Large companies with stable and high dividends |
| ESGR | RSHB – Moscow Exchange Index – RSPP Vector of sustainable development, full profitability, gross | Stock | BPIF | RSHB | Russia | Shares with the best dynamics of indicators in the field of sustainable development and corporate social responsibility and based on the annual analysis conducted by the Russian Union of Industrialists and Entrepreneurs |
| FMRU | Dividend Aristocrats of the Russian Federation | Stock | BPIF | Finam | Russia | Index FDIVARTR (issuers from IMOEX are the best in terms of dividend yield over 2 years) |
| FMUS | US Dividend Aristocrats | Stock | BPIF | Finam | USA | Shares of a foreign fund based on the Dow Jones US Dividend 100 index |
| FXCN | FinEx China UCITS ETF (USD) | Stock | ETF | FinEx | China | Solactive GBS China ex A-Shares Large & Mid Cap USD Index NTR |
| FXDE | FinEx Germany UCITS ETF (EUR) | Stock | ETF | FinEx | Germany | Solactive GBS Germany Large & Mid Cap Index NTR |
| FXDM | FinEx Developed markets ex US equity UCITS ETF (USD) | Stock | ETF | FinEx | The whole world | Solactive GBS Developed Markets ex United States 200 USD Index NTR |
| FXEM | FinEx Emerging Markets ex Chindia UCITS ETF (USD) | Stock | ETF | FinEx | The whole world | Solactive GBS Emerging Markets ex Chindia and ME Large Cap 15% CC USD Index (350 companies in 15 emerging markets excluding China, India and Middle East) |
| FXES | FinEx Video Gaming and eSports UCITS ETF | Stock | ETF | FinEx | The whole world | MVIS Global Video Gaming and eSports Index |
| FXFA | FinEx Fallen Angels UCITS ETF | Bonds | ETF | FinEx | USA | Solactive USD Fallen Angel Issuer Capped Index |
| FXGD | FinEx Gold ETF (USD) | Commodities | ETF | FinEx | The whole world | Physical gold |
| FXIM | FinEx USA Information Technology UCITS ETF – Minishares | Stock | ETF | FinEx | USA | Solactive US Large & Mid Cap Technology Index NTR |
| FXIP | FinEx RUB US TIPS UCITS ETF | Bonds | ETF | FinEx | USA | Solactive US 5-20 Year Treasury Inflation-Linked Bond Index with ruble hedging |
| FXIT | FinEx USA Information Technology UCITS ETF (USD) | Stock | ETF | FinEx | USA | Solactive US Large & Mid Cap Technology Index NTR |
| FXKZ | FinEx FFIN Kazakhstan Equity ETF (KZT) | Stock | ETF | FinEx | Kazakhstan | Kazakhstan Stock Exchange Index (KASE Index) |
| FXMM | FinEx Cash Equivalents UCITS ETF (RUB) | Bonds | ETF | FinEx | USA | Solactive 1-3 month US T-Bill Index with ruble hedging |
| FXRB | FinEx Tradable Russian Corporate Bonds UCITS ETF (RUB) | Bonds | ETF | FinEx | Russia | EMRUS Russian Corporate Eurobond Index (Bloomberg Barclays) with ruble hedging |
| FXRD | FinEx Fallen Angels UCITS ETF (RUB) | Bonds | ETF | FinEx | USA | Solactive USD Fallen Angel Issuer Capped Index with ruble hedge and dividend payment |
| FXRE | FinEx US REIT UCITS ETF USD | Real estate | ETF | FinEx | USA | Solactive GPR United States REIT ex Timber and Mortgage Index (approx. 130 REIT shares) |
| FXRL | FinEx Russian RTS Equity UCITS ETF (USD) | Stock | ETF | FinEx | Russia | RTS total return index “net” (at tax rates of foreign organizations, RTSTRN) |
| FXRU | FinEx Tradable Russian Corporate Bonds UCITS ETF (USD) | Bonds | ETF | FinEx | Russia | EMRUS Russian Corporate Eurobond Index (Bloomberg Barclays) |
| FXRW | FinEx Global Equity UCITS ETF (RUB) | Stock | ETF | FinEx | The whole world | Solactive Global Equity Large Cap Select Index |
| FXTB | FinEx Cash Equivalents UCITS ETF (USD) | Bonds | ETF | FinEx | USA | Solactive 1-3 month US T-Bill Index |
| FXTP | FinEx US TIPS UCITS ETF | Bonds | ETF | FinEx | USA | Solactive US 5-20 Year Treasury Inflation-Linked Bond Index |
| FXUS | FinEx USA UCITS ETF (USD) | Stock | ETF | FinEx | USA | Solactive GBS United States Large & Mid Cap Index NTR |
| FXWO | FinEx Global Equity UCITS ETF (USD) | Stock | ETF | FinEx | The whole world | Solactive Global Equity Large Cap Select Index |
| GLVD | INCOME Global low volatility stocks | Stock | BPIF | INCOME | The whole world | Factor own index IRGLV |
| G.P.B.M. | Gazprombank - Corporate bonds 4 years | Bonds | BPIF | Gazprombank | Russia | Russian corporate bonds with a duration of 4 years |
| G.P.B.S. | Gazprombank - Corporate bonds 2 years | Bonds | BPIF | Gazprombank | Russia | Russian corporate bonds with a duration of 2 years |
| GQGD | INCOME Global growth and quality stocks | Stock | BPIF | INCOME | The whole world | Factor eigenindex IRGQG |
| GROD | INCOME Russian Growth Stock Index | Stock | BPIF | INCOME | Russia | IRGROTR Index (selection of the best from IMOEX based on five factors) |
| GSCD | INCOME Global small cap stocks | Stock | BPIF | INCOME | The whole world | Factor eigenindex IRGSC |
| INEM | Ingosstrakh – EM bonds | Bonds | BPIF | Ingosstrakh – Investments | The whole world | Units of the foreign ETF iShares JP Morgan $ EM Bond UCITS |
| INFL | Ingosstrakh Inflationary | Bonds | BPIF | Ingosstrakh – Investments | Russia | Federal loan bonds with indexed par value (OFZ-IN) |
| INGO | Ingosstrakh – corporate bonds | Bonds | BPIF | Ingosstrakh – Investments | Russia | Ruble Corporate Bond Index (RUCBTR3Y) |
| MKBD | MKB – Russian dividend shares | Stock | BPIF | MKB Investments | Russia | Own index of twenty companies from the Moscow Exchange with the highest dividend yield |
| MTEK | Freedom - Technology Leaders | Stock | BPIF | Management Company "East-West" | USA | An index of ten global technology stocks |
| OPNA | Otkritie – Asian Stocks | Stock | BPIF | Management Company "Otkritie" | Asia without Japan | iShares MSCI All Country Asia ex Japan ETF |
| OPNB | Otkritie – Russian Bonds | Bonds | BPIF | Management Company "Otkritie" | Russia | Moscow Exchange Corporate Bond Index (RUCBITRBB) |
| OPNE | Otkritie – European Shares | Stock | BPIF | Management Company "Otkritie" | Europe | iShares CoreEURO STOXX 50 UCITS ETF |
| OPNR | Otkritie – Russian Stocks | Stock | BPIF | Management Company "Otkritie" | Russia | Moscow Exchange Total Return Index 15 (MRBCTR) |
| OPNS | Opening – US Stocks | Stock | BPIF | Management Company "Otkritie" | USA | Units of the foreign ETF iShares MSCI USA Momentum Factor |
| OPNU | Discovery - US Bonds | Bonds | BPIF | Management Company "Otkritie" | USA | iShares $High Yield Corp Bond UCITS ETF |
| OPNW | Opening - All-weather | Mixed | BPIF | Management Company "Otkritie" | The whole world | Foreign ETFs covering US blue chip stocks, emerging markets, US real estate, US corporate bonds and gold. |
| PRIE | "RSHB - Russian corporate Eurobonds, I.S.G. vector" | Bonds | BPIF | RSHB | Russia | Moscow Exchange Eurobond Index "RSHB - RSPP - Vector of Sustainable Development" |
| RCHY | Raiffeisen – High Yield Bonds | Bonds | BPIF | Raiffeisen | Russia | Own RUHYRAIF Index |
| RCMB | Raiffeisen - Eurobonds | Bonds | BPIF | Raiffeisen | Russia | Moscow Exchange Eurobond Index RUEURAIF |
| RCMM | Raiffeisen - Money Market Fund | Bonds | BPIF | Raiffeisen | Russia | Money market (repo with CCP under GCC) with reference to the RUSFAR rate |
| RCMX | Raiffeisen Management Company – Moscow Exchange Total Return Index 15 | Stock | BPIF | Raiffeisen | Russia | Moscow Exchange Total Return Index 15 |
| RCUS | Raiffeisen - American shares | Stock | BPIF | Raiffeisen | USA | Units of the foreign ETF iShares Core S&P 500 UCITS |
| RQIE | Raiffeisen – Tactical Exchange Traded Fund Strategy | Mixed | BPIF | Raiffeisen | Europe | Algorithmic strategy for selecting ETFs for European assets |
| RQIU | Raiffeisen – Balanced Exchange Traded Fund Strategy | Mixed | BPIF | Raiffeisen | USA | Algorithmic strategy for selecting ETFs for American assets |
| RUSB | ITI Funds Russia-focused USD | Bonds | ETF | ITI FUNDS | Russia | ITI Funds Russia-focused USD Eurobond Index (ITIEURBD Index) |
| RUSE | ITI Funds RTS Equity ETF | Stock | ETF | ITI FUNDS | Russia | RTS Index (RTSI$ Index) |
| SBBE | Sber – Blockchain Economy | Stock | BPIF | Sberbank | The whole world | Own index of the same name with securities of companies from the field of blockchain technologies and cryptocurrencies |
| SBCB | Sberbank – Moscow Exchange Index of Russian Liquid Eurobonds | Bonds | BPIF | Sberbank | Russia | Moscow Exchange Index of Russian Liquid Eurobonds (RUEU10) |
| SBCS | Sber is a conservative smart fund | Mixed | BPIF | Sberbank | The whole world | Sber Conservative Smart Index (SBERSMCN) |
| SBDS | Sber is a dynamic smart fund | Mixed | BPIF | Sberbank | The whole world | Sber Dynamic Smart Index (SBERSMDN) |
| SBGB | Sberbank - Moscow Exchange Government Bond Index | Bonds | BPIF | Sberbank | Russia | Government Bond Index (RGBITR) |
| SBHI | Halal Investments | Stock | BPIF | Sberbank | Russia | Moscow Exchange Islamic Investment Total Return Index |
| SBMM | Sber – Savings | Bonds | BPIF | Sberbank | Russia | Money market (repo with CCP under GCC) with reference to the RUSFAR rate |
| SBMX | Sberbank - Moscow Exchange total return index "gross" | Stock | BPIF | Sberbank | Russia | Moscow Exchange Gross Total Return Index (MCFTR) |
| SBPS | Sber is a progressive smart fund | Mixed | BPIF | Sberbank | The whole world | Sber Progressive Smart Index (SBERSMPR) |
| SBRB | Sberbank - Moscow Exchange Index of Ruble Corporate Bonds | Bonds | BPIF | Sberbank | Russia | Ruble Corporate Bond Index (RUCBTR3Y) |
| SBRI | Sber - Responsible Investments | Stock | BPIF | Sberbank | Russia | Shares with the best dynamics of indicators in the field of sustainable development and corporate social responsibility and based on the annual analysis conducted by the Russian Union of Industrialists and Entrepreneurs |
| SBRS | Sber is a cautious smart fund | Mixed | BPIF | Sberbank | The whole world | Sber Careful Smart Index (SBERSMCR) |
| SBSP | Sberbank – S&P 500 | Stock | BPIF | Sberbank | USA | S&P 500 Index |
| SBWS | Sber – weighted smart fund | Mixed | BPIF | Sberbank | The whole world | Sber Weighted Smart Index (SBERSMWT) |
| SCIP | System Capital – Informatics+ | Stock | BPIF | System Capital | USA | S&P North American Expanded Technology Software Index |
| SPBC | BSPB – Corporate bonds 1000 | Bonds | BPIF | BSPB Capital | Russia | Own index of ruble bonds with a duration of 500-1500 days |
| SPBF | BSPB – OFZ 1000 | Bonds | BPIF | BSPB Capital | Russia | Own government bond index with a duration of 500-1500 days |
| SUGB | REGION – Moscow Exchange Government Bond Index (1-3 years) | Bonds | BPIF | MKB Investments | Russia | Moscow Exchange government bond index (1–3 years) |
| TBEU | Tinkoff Eurobonds EUR | Bonds | BPIF | Tinkoff | The whole world | Own index Tinkoff Aggregate Eurobond High Yield Index EUR |
| TBIO | Tinkoff Nasdaq Biotechnology | Stock | BPIF | Tinkoff | USA | Nasdaq Biotechnology Total Return Index |
| TBRU | Tinkoff Bonds | Bonds | BPIF | Tinkoff | Russia | Own index with 30-60 ruble bonds |
| TBUY | Tinkoff Index Nasdaq buyback | Stock | BPIF | Tinkoff | USA | NASDAQ US Buyback Achievers Index TR |
| TCBR | Tinkoff Cybersecurity Index | Stock | BPIF | Tinkoff | The whole world | Proprietary index of cybersecurity stocks |
| TECH | Tinkoff - NASDAQ-100 Technology sector Index | Stock | BPIF | Tinkoff | USA | NASDAQ-100 Technology Sector Total Return Index |
| TEMS | Tinkoff Emerging Markets Index | Stock | BPIF | Tinkoff | The whole world | Own index of the largest public companies by capitalization from developing countries |
| TEUR | Tinkoff – EUR Perpetual Portfolio Strategy | Mixed | BPIF | Tinkoff | Europe | Stocks, cash and short-term bonds, gold, long-term bonds in euros |
| TEUS | Tinkoff Eurozone Share Index | Stock | BPIF | Tinkoff | Europe | Own index Tinkoff Eurostocks 50 Total Return Index EUR |
| TFNX | Tinkoff Index of FinTech companies | Stock | BPIF | Tinkoff | The whole world | Own index Tinkoff FinTech Total Return Index USD |
| TGLD | Tinkoff - Gold | Commodities | BPIF | Tinkoff | The whole world | Buying shares of the iShares Gold Trust ETF, which invests in physical gold |
| TGRN | Tinkoff Green Economy | Stock | BPIF | Tinkoff | The whole world | Proprietary cleantech leader index |
| TIPO | Tinkoff Initial Public Offering Index | Stock | BPIF | Tinkoff | USA | Selection of a manager through a special index TIPOUS |
| TMOS | Tinkoff - Moscow Exchange Index | Stock | BPIF | Tinkoff | Russia | Moscow Exchange Gross Total Return Index (MCFTR) |
| TPAS | Tinkoff Pan Asian Stock Index | Stock | BPIF | Tinkoff | Asia | Own index Tinkoff PanAsia Total Return Index USD |
| TRAI | Tinkoff Nasdaq Index Artificial Intelligence and Robotics | Stock | BPIF | Tinkoff | USA | Nasdaq Index CTA US AI & Robotics TR |
| TRUR | Tinkoff – Perpetual Portfolio Strategy RUB | Mixed | BPIF | Tinkoff | Russia | Stocks, cash and short-term bonds, gold, long-term bonds in rubles |
| TSOX | Tinkoff Nasdaq Semiconductors | Stock | BPIF | Tinkoff | USA | PHLX Semiconductor Sector Total Return Index |
| TSPV | Tinkoff Index SPAC | Stock | BPIF | Tinkoff | USA | Selecting a manager through a special index Tinkoff SPAC Total Return Index USD |
| TSPX | Tinkoff S&P 500 | Stock | BPIF | Tinkoff | USA | S&P 500 Total Return Index |
| TSST | Tinkoff Sustainability Leaders Index | Stock | BPIF | Tinkoff | The whole world | Proprietary index with 50 stocks selected based on ESG factors |
| TUSD | Tinkoff – USD Perpetual Portfolio Strategy | Mixed | BPIF | Tinkoff | USA | Stocks, cash and short-term bonds, gold, long-term dollar bonds |
| VTBA | VTB Fund of shares of American companies | Stock | BPIF | VTB Capital | USA | Foreign fund shares of S&P 500 stocks |
| VTBB | VTB – Russian corporate bonds smart beta | Bonds | BPIF | VTB Capital | Russia | Corporate Bond Index (RUCBITR) |
| VTBE | VTB – Emerging Markets Equity Fund | Stock | BPIF | VTB Capital | Developing countries | Units of the foreign ETF Ishares Core MSCI EM |
| VTBF | VTB – Fund for Sustainable Development of Russian Issuers | Stock | BPIF | VTB Capital | Russia | Moscow Exchange Index – RSPP Vector of Sustainable Development |
| VTBG | VTB – Gold Fund. Exchange | Commodities | BPIF | VTB Capital | The whole world | Physical gold |
| VTBH | VTB – American Corporate Debt Fund | Bonds | BPIF | VTB Capital | USA | Buying ETF shares Ishares $ High Yield Corp Bond |
| VTBI | VTB – American Corporate Debt Fund – Investment Rating | Bonds | BPIF | VTB Capital | USA | Units of the foreign ETF Vanguard USD Corporate Bond UCITS |
| VTBM | VTB – Liquidity | Bonds | BPIF | VTB Capital | Russia | Money market (repo with CCP under GCC) with reference to the RUSFAR rate |
| VTBU | VTB Russian corp. Eurobonds smart beta | Bonds | BPIF | VTB Capital | Russia | Moscow Exchange Russian Corporate Eurobond Index (RUCEU) |
| VTBX | VTB – Moscow Exchange Index | Stock | BPIF | VTB Capital | Russia | Moscow Exchange Net Total Return Index (MCFTRR) |
| VTBY | VTB – Eurobonds in euro smart beta | Bonds | BPIF | VTB Capital | The whole world | Eurobonds of Russia and emerging markets, denominated in euros |
All ETFs and mutual funds on the Moscow Exchange
ETF (Exchange traded fund) and MUIF (Exchange traded fund) are funds whose shares or shares are freely traded on an exchange.
Five dozen such instruments are available to investors on the Moscow Exchange. A complete and current list of all ETFs and mutual funds is presented on this page. You can sort the table by ticker or title; investment asset class; format, provider or management company; region of investment; underlying asset or tracked index.
For a more detailed study , check out the Reviews available via the links . With their help, you will learn about etf's composition, profitability, commissions, risks, competitors, pros, cons and other features that interest you.
What are exchange-traded funds
ETFs are created according to Western law, and BPIF according to Russian law. They have the same essence. They represent a collection of securities and/or assets collected according to a pre-announced investment strategy. This allows private investors to create portfolios that are diversified across asset classes, issuers and countries. At the same time, having a small starting capital.
ETFs and BPIFs listed on the Moscow Exchange allow you to earn money on different markets (Russia, USA, Europe), asset classes (stocks, bonds, Eurobonds, gold, monetary instruments) and investment strategies. Funds are usually index-linked . Managers only need to maintain the composition of assets in accordance with the index. Because of this, they have low management fees. With a share or unit of such a fund, you receive part of its portfolio.
You can buy and sell ETFs and mutual funds through almost any broker. Most funds on the Moscow Exchange have high liquidity . Passive and more transparent management, low commissions and liquidity distinguish exchange-traded funds from classic mutual funds. By purchasing an ETF or BIIF into an individual investment account (IIA), you can receive additional income in the form of tax benefits.
How many ETFs are available on Moscow Exchange
The popularity of exchange-traded ETFs and mutual investment funds on the Moscow Exchange is growing from year to year. In 2022, investors invested 12 billion rubles in them, and the value of their net assets exceeded 17 billion rubles. For 2022, the total NAV exceeded 162.6 billion rubles or 2.1 billion US dollars. In June 2022, this figure reached 217.1 billion rubles or $3 billion.
As of July 2022, 100 ETFs and mutual funds from 19 providers (issuers) are available on MOEX. The number of traded funds is constantly growing. You can find out about new releases in our News section.
In the list you will find etf's of Russian and Western management companies. Such as FinEx Funds, VTB Capital, Sberbank Asset Management, Tinkoff Capital, Alfa Capital, Finam and others.
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Stock market of developed countries
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| Alpha Capital - Europe 600 | AKEU | 600 European companies of large, mid and small capitalization | 1.14 (0,94+0.2) | |
| Otkritie – European Stocks | OPNE | Tracks the EURO STOXX50 index - 50 stocks from 8 Eurozone countries. | 1,78 (1,68 + 0,1) | OPNE Review |
| Tinkoff Eurostocks 50 | TEUS | Invests in shares of the largest European companies. Tracks its own index of 50 companies. | 0,69 | |
| FinEx Germany UCITS ETF (EUR) | FXDE | German company shares | 0.9 | |
| FinEx Developed Markets ex US UCITS ETF | FXDM | Developed market stocks excluding US | 0.9 | FXDM Review |
Vanguard Total Stock Market ETF
The fund (VTI, founded 2001) invests in a variety of large American companies in various industries. The fund follows the CRSP US Total Market Index, and includes shares of such companies as: Microsoft (MSFT), Amazon (AMZN), Facebook (FB), Alphabet (GOOG), Visa (V), etc. The fund parameters are as follows ↓
| Fund parameters | Meaning |
| Ticker | VTI |
| Type | Large Cap Equity Funds |
| Investment costs (Expense Ratio) | 0,03% |
| Number of assets | 1599 |
| Profitability | |
| Profitability over 5 years | 65,9% |
| Profitability for 3 years | 38,8% |
| Dividends | 1,7% |
| Risk | |
| Volatility (σ) | 10,9% |
| Beta coefficient (β) | 1,03 |
| Multiplier score | |
| P/E | 22 |
Due to its broad diversification, VTI has a flat upward trend with low volatility.
Widely diversified VTI fund. Popular among investors as a benchmark for assessing the effectiveness of their own investment portfolios
Emerging Markets Equity Market
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| FinEx China UCITS ETF (USD) | FXCN | Chinese company shares | 0.9 | |
| FinEx Emerging Markets ex Chindia UCITS ETF (USD) | FXEM | Emerging markets stocks excluding China and India | 0,7 | FXEM Review |
| VTB – Emerging Markets Equity Fund | VTBE | Emerging market stocks | 0.89 (0.71 + 0.18) | VTBE Review |
| ATON - markets of opportunity | AMEM | Emerging market stocks | 1.06 (0.95 + 0.11) | AMEM Review |
| Tinkoff Emerging Markets | TEMS | Emerging Market Large Cap Stocks | 0,69 | TEMS Review |
| Alfa Capital Management Company Chinese shares | AKCH | IT sector + 300 largest companies in mainland China | 2.14 (1.45 + 0.69) | AKCH Review |
| Opening - Asian stocks | OPNA | Invests in Asian stocks (China, Taiwan, Hong Kong, Korea, India) excluding Japan. There are about 1,200 shares of large and mid-sized companies inside. | 2,18 (1,48 + 0,7) | OPNA Review |
| Tinkoff PAN-ASIA | TPAS | Invests in shares of the largest companies from the Asia-Pacific region - from China, Singapore, Taiwan, Hong Kong, India, Indonesia, Japan, the Philippines and South Korea. | 0,69 | |
| FinEx FFIN Kazakhstan Equity ETF (KZT) | FXKZ | Shares of Kazakhstan companies | 1.39 |
Useful links:
- Choosing the “right” fund for emerging markets
- Battle of funds: AMEM vs VTBE
- FXEM or VTBE - what to take in your portfolio?
Management costs
It would seem that everything is simple. The prospectus of each fund spells out costs - management fees. Compare and choose with the lowest costs.
The funds focus on the same index. True, RUSE uses RTS (payments in dollars) as a basis.
But in fact it's the same thing
On topic: How does the ruble index of the Moscow Exchange differ from the dollar RTS
The difference lies in the payment of dividends. FXRL and SBMX reinvest everything, increasing the value of the share. RUSE - pays out.
| FUNDS | Annual management fee, % | Dividends |
| FXRL | 0,9 | are reinvested |
| SBMX | 1-1,1 | are reinvested |
| RUSE | 0,65 | are paid |
At first glance, it may seem that the most profitable choice is the RUSE ETF. With a minimum management fee of 0.65%. Plus, the divas also pay with real money.
But that's not true. Why?
Let's understand further.
Global equity funds
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| FinEx Global Equity UCITS ETF (USD) | FXWO | Global equity fund from 7 countries | 1,36 | FXWO/FXRW Review |
| FinEx Global Equity UCITS ETF (RUB) | FXRW | Global equity fund from 7 countries with currency hedge | 1,36 | |
| Income - Global Small Cap Equities | GSCD | Small cap stocks from different countries | 0,99 |
Ready-made portfolios
| Name | Ticker | Short description | Total commission (declared + hidden | Information about the fund |
| Tinkoff – Perpetual Portfolio Strategy RUB | TRUR | Russian stocks and bonds + gold | 0,99 | Review of Tinkoff eternal portfolios |
| Tinkoff – USD Perpetual Portfolio Strategy | TUSD | American stocks and bonds + gold | 0,99 | |
| Tinkoff – EUR Perpetual Portfolio Strategy | TEUR | European stocks and bonds + gold | 0,99 | |
| Otkritie-All-weather | OPNW | US stocks, bonds and real estate + emerging market stocks + gold | 1,34 (0.99 + 0,35) | OPNW Review |
| Sber — Conservative Fund | SBCS | Includes money market instruments, Russian government and corporate bonds with floating weight. | 1,07 | |
| Sber - Cautious Smart Fund | SBRS | S&P 500 Index + Moscow Exchange Index + gold + Russian bonds (OFZ and corporate) + money market instruments. The weights of each instrument in a portfolio may change over time. | 1,17 | |
| Sber - Weighted smart fund | SBWS | 1,27 | ||
| Sber - Progressive Smart Fund | SBPS | 1,37 | ||
| Sber - Dynamic Smart Fund | SBDS | 1,57 | ||
| Raiffeisen - Tactical Strategy for Exchange Traded Funds | RQIE | Contains 11 exchange-traded funds - ETFs and the algorithm regularly changes their shares, taking into account the rules for the composition of the fund. The portfolio mainly consists of ETFs of stocks and bonds of developed countries of Europe . When there is a risk of a crisis or during a crisis, the shares of long government bond ETFs and volatility ETFs increase. Sometimes US government bonds may be added to the portfolio. | 0.44 + foreign ETF commissions | |
| Raiffeisen Balanced Exchange Traded Fund Strategy | RQIU | Contains 11 exchange-traded funds - ETFs and the algorithm regularly changes their shares, taking into account the rules for the composition of the fund. The portfolio primarily consists of US stock and bond ETFs . When there is a risk of a crisis or during a crisis, the shares of long government bond ETFs and volatility ETFs increase. | 0.44 + foreign ETF commissions |
A few clarifications on some of the data in the table...
Liquidity and sanctions
ETFs are a highly liquid trading instrument; exchange-traded funds are popular among investors all over the world. According to statistics, more than half of institutional investors contain various types of funds in their portfolio.
Regarding sanctions. It is understandable that Russian shares are falling in price because of them.
Let's say we invest in foreign securities. What are the sanctions risks? FinEx representatives believe that there are none, since the sanctions do not affect funds. Problems will arise if the state prohibits brokers from working with foreign securities. But let's hope this doesn't happen.
