“Investment management firm FinEx Group and the Moscow Exchange said they had launched Russia’s first gold-backed exchange-traded fund as part of a bid to turn Moscow into an international financial centre.  The FinEx Physically Held Gold ETF fund, which has been listed on the Irish Stock Exchange and cross-listed on the Moscow Exchange, tracks the gold price as calculated using the London Gold Fixing Price, FinEx said.  Shares will be available in U.S. dollars and roubles, it added.”

http://www.reuters.com/article/2013/10/17/gold-russia-etf-idUSL6N0I71OM20131017

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