Nomura Asset Management Chooses the RTS Index as Basis for the First Russia-linked ETNs in Japan - S&P
04.08.08 17:38
/Standard & Poor's, Moscow, 04.08.08/ - Standard & Poor's, the world's leading
index provider, announced today that it has licensed Tokyo-based Nomura Asset
Management to use the RTS Index to launch a program of locally traded
Exchange Traded Notes (ETNs). Nomura Asset Management has filed for the
ETN listing on the Osaka Stock Exchange.
"This agreement with Nomura AM represents the most recent in a series of
successful licensing agreements generated under our commercial partnership
with RTS. This is a pioneering deal in that it adds Japan as a new geographic
dimension - while opening up a whole new class of exchange traded instruments,
ETNs - based on the RTS Index", said Yuri Morozov, Director of Standard &
Poor's Index Services in Russia/CIS.
"The RTS index demonstrates Russia's attractiveness to investors from all over
the world. ETNs have become one of the fastest growing segments of the global
markets and are accessed by more and more investors. We are glad to see that
foreign companies are keen to establish equity-linked instruments based on
Russian underlyings. Once again, the RTS Index has proven its appeal as the
recognized benchmark for the Russian stock market", said Roman Goryunov,
Chairman of the Board of RTS, the Russian Trading System.
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains
a wide variety of investable and benchmark indices to meet an array of investor
needs. Its family of indices includes the S&P 500, an index with $1.32 trillion
invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite
index comprised of seven regional and country headline indices. For more
information, please visit www.standardandpoors.com/indices.
About RTS
Russian Trading System Stock Exchange is one of the leading stock exchanges
in Russia. RTS Index is the main benchmark for the Russian stock market and is
based on the 50 most liquid and capitalized shares of Russian companies.
FORTS (Futures and Options on RTS) is the leading Russian derivatives market.
FORTS combines a developed infrastructure with reliability and advanced trading
technologies conformed to more than ten years of successful market development.
RTS Stock Exchange gives investors, professional market participants and their
clients, both Russian and foreign, a wide range of opportunities in trading
shares, bonds, futures and options on the shares and bonds of the Russian
companies, RTS Index, Federal Loan Bonds, oil, gold, gas oil, sugar.
Some of the latest developments at RTS and on FORTS include extended trading
hours on FORTS, introduction of FIX Gateway which went into live test phase in
April and daily netting of settlements for the spot market trading with CCP
facilities in the seven most liquid Russian stocks. Both RTS and FORTS operate
on a fully electronic platform with Direct Market Access for participants.
Contacts:
Standard & Poor's:
Yuri Morozov
Tel: +7 495 783-4015
E-mail: Yuri_morozov@standardandpoors.com
RTS:
Varvara Inozemtseva
Tel: +7 495 705-9031
E-mail: pr@rts.ru
[2008-08-04]