ITI Funds UCITS ETF SICAV - ITI Funds Russia-Focused USD Eurobond Ucits ETF
RUSB.L
London Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 30, 2018
- Similar Companies
- Business
- ITI Funds UCITS ETF SICAV - ITI Funds Russia-Focused USD Eurobond UCITS ETF (RUSB.L) is a Luxembourg-domiciled, UCITS-compliant exchange-traded fund that seeks to physically replicate the performance of the ITI Funds Russia-Focused USD Eurobond Index through full replication by holding all index constituents. Launched on 9 February 2018 and headquartered in Luxembourg City, the ETF provides accumulating exposure to a portfolio of US-dollar denominated Russian sovereign and corporate Eurobonds across all maturities, including investment-grade and select lower-rated securities; it maintains approximately EUR 4 million in assets under management with a total expense ratio of 0.47% per annum. The fund targets professional and institutional investors seeking targeted access to the Russian fixed-income market via listings on the London Stock Exchange (LSE) and Moscow Exchange (MOEX), with administrative support from Edmond de Rothschild Asset Management (Luxembourg) and custody by Edmond de Rothschild (Europe). The ETF's core holdings consist of liquid USD Eurobonds issued by Russian entities, such as sovereign bonds like Russia 4 7/8 09/16/23 and corporate issuances meeting criteria including fixed coupons, senior debt status, minimum outstanding amounts of USD 500 million, and bullet structures without embedded options; the portfolio emphasizes aggregate bond exposure with currency unhedged USD denomination. In recent developments, the ETF was delisted from the London Stock Exchange in November 2023 amid geopolitical sanctions impacting Russian securities trading, leading to suspended performance reporting and limited liquidity on remaining venues. No major partnerships, funding rounds, acquisitions, or new product launches have been announced for ITI Funds UCITS ETF SICAV in the last 1-2 years, with operations focused on maintaining the legacy bond portfolio under constrained market conditions. The broader ITI Funds platform, established around 2015, previously attracted investment from entities like Mantra Investment Partners but reports no significant strategic shifts or reorganizations specific to this sub-fund.