Astana International Exchange (“AIX”, “Exchange”) is pleased to announce the launch of a new exchange-traded note (“ETN”, “Note”) in order to provide local retail investors access to the returns of NASDAQ 100 Index. iX NASDAQ 100 Equities represents a low-cost and tax-efficient way to invest in shares of global technology companies included in the NASDAQ 100 Index such as Apple, Microsoft, Google, Amazon, Tesla and more.
Tim Bennett, CEO of AIX, stated:
“AIX continues to expand its range of securities for the local retail investors to enable them to invest in various indices and asset classes. By listing iX NASDAQ 100 Equities ETNs, AIX is following its commitment to develop the local retail investors base.”
ETNs are designed to provide investors access to the returns of various market benchmarks. iX NASDAQ 100 Equities ETNs are linked to the performance of Invesco QQQ Shares ETF.
Raiffeisenbank is appointed Custodian bank for the safekeeping of the underlying assets and CROWE Kazakhstan is appointed as auditor company.
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/