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Moscow Exchange (MOEX) strengthened its equities offering with the introduction of has unveiled two new benchmark indices for both small- and mid-cap stocks, according to a MOEX statement.
The two new benchmark indices, the MICEX SMID Index (MCXSM), and the RTS SMID Index (RTSSM), will be denominated in both Russian rubles and US dollars, respectively and will help meet a growing demand in equity funds for MOEX traders.
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To ensure the highest level of transparency and valuation, both the MCXSM and RTSSM indices will subject to review on a quarterly basis, ... (read more)