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Tinkoff Capital launches ETF tracking NDXT in Russia

By Megha Bhattacharya

August 28, 2020

  • Russia
  • Tinkoff Capital
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Tinkoff Capital has announced the launch of an exchange-traded fund (ETF) tracking the Nasdaq-100 Technology Sector Index (NDXT), a subset of the Nasdaq-100 index that is comprised of the top Nasdaq-listed technology companies by market cap. The company’s product range will now include two more ETFs that can be used to make investments without any extra charges.

Tinkoff’s new ETF products are an easy-to-use and transparent tool for investors offering high expected yield on regular and long-term investments, notwithstanding the high risks inherent in stocks. ”

“More than 260 thousand unique customers have invested in Tinkoff ETFs since their launch, and we expect the new funds to be at least just as popular. We have high hopes for the Tinkoff Nasdaq®-100 Technology Index, Russia’s first exchange-traded fund that tracks one of the most famous IT indices. With a very low entry threshold, the fund’s shares can be purchased literally for change from daily shopping,” said Ruslan Muchipov, CEO of Tinkoff Capital.

Tinkoff stated that its customers will now be able to buy shares in the Tinkoff Gold, Tinkoff iMOEX, and Tinkoff Nasdaq Technology ETFs in just one click. The minimum entry threshold is just over 8 cents. The company said that the customers could trade shares of the new funds through Tinkoff Investments free of charge, paying only for the funds’ expenses.

Recently, Tinkoff announced that it has become the leader among Russian banks in terms of customer loyalty, as evidenced by a banking market survey conducted by Romir, a Russian private holding that specializes on marketing, media, and socioeconomic research and represents Gallup International in the country.

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