Chi-X Funds Market
Chi-X Australia has opened its funds market with the launch of the first fund on the service - the Fidante Partners’ ActiveX Kapstream Absolute Return Income Fund (XKAP). The Fidante fund provides listed access to the Kapstream Absolute Return Income Fund.
Chi-X Funds offers issuers the ability to have their exchange traded funds (ETFs) and quoted managed funds (QMFs) quoted and traded on Chi-X.
“The launch of Chi-X Funds is an important step forward for us and is indicative of Chi-X’s growing position within the Australian market. We are committed to transforming and improving the investment landscape by providing greater choice for Australian investors. We are look forward to continuing to broaden our offering with additional issuers over the coming months,” CEO of Chi-X Australia Vic Jokovic said.
Jokovic said that up to 40 per cent of trading volumes in Australian ETFs already takes place on the exchange.