Trading volume of ITS WORLD index ETF shares exceeded $0.62 mln on the first day
On its first day of trading, November 7, the transaction volume of ITS WORLD index ETF shares (ticker: ITSW) on the ITS platform exceeded $0.62 million.
Opening with a Net Asset Value (NAV) of $10.1415, ITSW saw its first trade executed at $10.1431, with the session's final trade closing at $10.3031 and an end-of-day NAV of $10.2964. This strong initial performance reflects a $148,200 increase in the fund’s total net asset value since its listing.
Alexander Diakovsky, Managing Director of ITS, said: “We are pleased with the start of trading; turnover amounted to 12.4% of the net asset value, which demonstrates the fund's liquidity, matching leading international counterparts from day one.”
Talgat Kamarov, CEO of Centras, noted: “A new instrument has appeared on the market, which is always beneficial for investors. Market participants’ interest in ETFs is growing. Although ETFs are only emerging in Kazakhstan, global trends indicate that ETFs have the potential to transform the market, making it more liquid and attractive to the end investor.”
Paidax CEO Anuarov Beksultankhozha said: “The new index fund from ITS expands horizons for Kazakhstani investors, providing access to diversified assets. At Paidax, we see this as a step towards developing the market, enhancing its appeal and offering our users more opportunities for capital growth.”
ITSW is managed by IPS Capital, which holds an AIFC licence for managing funds for retail investors.
ITSW shares are available to investors through any broker connected to ITS trading. The composition of ITSW, real-time performance, index methodology and other documents are available on the ITS website.
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 offers access to over 2,800 international securities, including ETFs, stocks and depositary receipts. The international securities available on ITS are part of major global indexes, including the Dow Jones Industrial Average, Nasdaq-100 and S&P 500, spanning 69 sectors of the global economy.
The ITS trading session lasts for nearly 18 hours, with securities settlements conducted on the next trading day (T+1). The ITS trading calendar is synchronised with those of NASDAQ and NYSE.
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