ITS World and Shariah indexes deliver strong returns in 2024
The proprietary indexes of the international trading platform ITS – ITS World and ITS Shariah – achieved strong growth in 2024, outperforming many peers in a volatile global economic and financial environment. This performance reinforced their status as reliable investment benchmarks.
The ITS World Index, which tracks 50 stocks of leading global companies, grew by 18.9% in 2024. Its total return in U.S. dollars, including reinvested dividends, reached 20.3% annually. Top contributors to this growth included NVIDIA (+171.2%), Spotify (+138.4%) and Broadcom (+107.9%), driven by the rapid expansion of the technology sector.
The ITS Shariah Index, which comprises 30 stocks of international companies compliant with Shariah principles, delivered a total return of 19.3%, including dividends.
A major milestone for ITS in 2024 was the launch of the first ETF in Central Asia and the South Caucasus, based on the ITS World Index. Looking ahead, ITS plans to introduce an ETF linked to the ITS Shariah Index.
"The performance of the ITS World and ITS Shariah indexes underscores their competitiveness and potential to deliver high returns. With the launch of ETFs on ITS, investors can now easily capitalise on the growth of these indexes, whose performance surpasses that of many global peers," said Chingiz Kanapyanov, CEO of ITS.
About ITS
ITS is an international liquidity hub. Central to ITS's business model are the principles of best execution and smart order routing technology. These principles enable investors to execute securities transactions at the best prices available on the global financial market, regardless of the transaction volume. This technology ensures that the liquidity for foreign securities on ITS matches that of leading international platforms where these securities are traded.
ITS Central Securities Depository Limited, the central depository for ITS, offers depository services for the storage and settlement of securities. The depository has received Qualified Intermediary with primary withholding responsibility (WQI) status from the U.S. Internal Revenue Service (IRS).
Operating a clearing house that acts as a Central Counterparty, ITS assumes the counterparty role for all obligations of clearing participants and manages the clearing process for transactions on the ITS trading platform.
ITS also calculates its own indexes: the ITS World index (ITSW) and the ITS Shariah index (ITSS).
ITS's direct clients include professional securities market participants from Kazakhstan and other countries, such as financial intermediaries who are accredited and directly registered at the AIFC. Investors, both private individuals and legal entities, access trading through these financial intermediaries, such as brokers and banks.
ITS Press Service
pr@itsx.kz