ITI Funds suspends trading in the primary market of ETF Russia

No announcement made on its bond ETF

Multi-asset investment platform ITI Funds has become the latest issuer to confirm the suspension of primary market trading in its Russian ETF.

In a market update on March 3, the company announced that it suspended creations on the ITI Funds RTS Equity UCITS ETF (RUSE) from March 1.

ITI Funds said the decision was made due to the ongoing shutdown of the Moscow Stock Exchange, which had a significant impact on the ETF’s liquidity.

“Subscriptions and redemptions of shares are suspended by decision of the Board of Directors as of March 1, with immediate effect until further notice,” he said.

Although the decision was made for its equity ETF, ITI Capital did not say what happened to its Russian bond ETF, ITI Funds Russia’s USD Eurobond UCITS ETF (RUSB).

Earlier this week, HSBC Asset Management announced that it had suspended primary market trading of its HSBC MSCI Russia Capped UCITS (HRUB) ETF after two “days without trading” and was closely followed by FinEx Capital which took the same measures on its FinEx Tradable Russian Corporate. Bond UCITS ETF (FXRU).

BlackRock, Invesco and DWS announced they would suspend primary trading on their standalone Russian ETFs while the former added that it would take the same action on its iShares MSCI Eastern Europe Capped UCITS (IEER) ETF.

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