FXUS is a Moscow Exchange-listed exchange-traded fund (ETF) that provides exposure to 506 leading U.S. equities — representing approximately 85% of the U.S. equity market by capitalization. It tracks the Solactive US Large & Mid Cap Index, a broad benchmark closely resembling the S&P 500.
Investing in the U.S. Stock Market Without Qualified Investor Status
The U.S. stock market is the world’s largest equity market, with over 5,000 listed stocks. This breadth offers diversification across sectors and high-growth companies — but direct access requires qualified investor status, which excludes many retail investors.
While shares of major U.S. corporations trade on the Moscow and St. Petersburg Exchanges, building a well-diversified portfolio this way demands significant capital. FXUS solves this: it delivers instant, cost-efficient, and liquid exposure to the U.S. equity market with a single trade on MOEX.
FXUS ETF Overview
Managed by FinEx — one of Russia’s leading ETF providers — FXUS holds a diversified basket of U.S. large- and mid-cap stocks. Its underlying index, Solactive US Large & Mid Cap, serves as the fund’s benchmark.
Top holdings include:
The fund also includes less liquid names such as:
- Peloton Interactive
- Kroger
- Marvell Technology
- YUM Brands
- eBay
By sector allocation: Information Technology (26%), Health Care (16%), Consumer Staples & Telecommunication Services (11% each).
Why Choose FXUS?
FXUS is denominated in U.S. dollars but trades in rubles on MOEX. This structure provides natural currency hedging: when the RUB depreciates against the USD, ruble-denominated returns increase — offering built-in protection against rouble devaluation.
Since its launch through early 2021, FXUS delivered 410.6% total return in RUB and 116.6% in USD. With no qualified investor status required and low entry threshold, FXUS enables broad U.S. equity exposure from a domestic brokerage account — even without dividend receipt rights. Strong long-term growth of the U.S. market makes this a compelling passive investment vehicle.
FAQ
What does FXUS track?
FXUS tracks the Solactive US Large & Mid Cap Index — a broad benchmark covering ~85% of the U.S. equity market by capitalization.
Can non-qualified investors buy FXUS?
Yes. FXUS trades on the Moscow Exchange in RUB and requires no qualified investor status — unlike direct U.S. market access.
Does FXUS pay dividends to Russian investors?
No. FXUS is an accumulating ETF — dividends are reinvested, not distributed to shareholders.
