Troika Dialog lists ETF in Russia

The launch of Troika Dialog - Index RTS Standard represents the firm's first index fund offering, and marks the first such fund on Russia's collective investments market tracking the RTS index. The underlying RTS Standard index comprises securities in the 15 most liquid and highly-capitalised firms on the Russian equity market. These include Gazprom, Sberbank and Lukoil. The fund's liquidity will be driven by Troika Dialog Investment Company as market maker for the shares. The firm says the target bid-ask spread is 5-10 basis points. Troika says it aims to minimise tracking error a...