Business growth

The Moscow Exchange began trading with three exchange-traded mutual funds managed by Tinkoff Capital Management. Tinkoff NASDAQ Fund is nominated in dollars and follows the NASDAQ-100 Technology Sector Index. Tinkoff Gold is also denominated in dollars. It invests in gold bullions through the purchase of iShares Gold Trust shares. The third Tinkoff iMOEX fund is the Ruble-denominated ETMF based on the IMOEX Moscow Exchange Index.