AIX Launches 2 ETNs Based On Its New AIX Qazaq Index

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):

  • Qazaq Equity Passive ETN – exchange traded note with a passive investment approach, investing substantially all its assets in Kazakhstani equities in weights determined by AIX Qazaq Index; and,
  • Qazaq Equity Active ETN – 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 Kazakhstan’;s 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.

Published on September 20, 2021

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