KASE: Russian Funds Replace Moscow Exchange

Two mutual Russian investment funds have replaced the Moscow Exchange on the Kazakhstan Stock Exchange (KASE), Orda.kz reports.

The closed-end mutual investment combined fund Levkoy has a share of 4.6% (49.4 thousand shares), and the closed-end mutual investment combined fund Nigella has a share of 8.5% (91.3 thousand shares). Both are listed on the website of the National Settlement Depository of the Russian Federation as controlled by the Russian JSC Specialized Depository Infinitum.

Levkoy is under the trust management of Moscow-based Balance Asset Management LLC, which became the primary shareholder of the CSKA football club in September 2022. Tetis Capital LLC, also registered in Moscow, manages Nigella.

Tetis Capital and Balance Asset Management are listed on the Russian Central Bank's website as financial market participants. They manage investment funds, mutual funds, and non-state pension funds.

Moscow Exchange has officially left the KASE shareholders due to sanctions. It had owned 13.1% of the exchange's shares.

Original Author: Nikita Drobny