AIX News

News

AIX launches 2 ETNs based on its new AIX Qazaq Index

20/09/2021

Astana International Exchange (“AIX”, “Exchange”) in cooperation with Halyk Finance JSC (“Halyk Finance”) is pleased to announce the listing of two new exchange-traded notes linked to its brand-new AIX Qazaq Index (AIXQI):

  • AIX Qazaq Index (QZP) – exchange traded note with a passive investment approach, investing substantially all its assets in Kazakhstani equities in weights determined by AIX Qazaq Index; and,
  • AIX Qazaq Index Active (QZA) – actively managed investment vehicle intended to outperform the AIXQI by taking the momentum and adopting an opportunistic approach.

Halyk Finance is acting as the Investment Manager for both ETNs, bringing its recognized experience in investment management and promoting ETNs among its extensive clientele.

Renat Bekturov, CEO of AIX, stated:

With our commitment to develop the capital market of Kazakhstan, the launch of these two ETNs creates a new milestone – now it is simple to invest in all most liquid Kazakhstani stocks. With investment management provided by a well-recognized Kazakhstani investment house – Halyk Finance, all local and international investors will enjoy these unique investment opportunities to grow their capital together with the Kazakhstani economy.”

Farkhad Okhonov, CEO of Halyk Finance, noted:

“We are very pleased to be part of this initiative which brings to the market very first instruments that are linked to AIX Qazaq Index. The launch of these two ETNs will not only create additional instruments that allow investors to invest in Kazakhstan equity market in a very cost-efficient manner, but also channel additional funds into Kazakhstan equity market and increase liquidity of equity instruments on the secondary market.” 

Both ETNs will also be available in the Tabys mobile application for retail investors.

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:www.aix.kz

The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe. The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region. ”The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” https://aifc.kz/