FXCN is a Moscow Exchange (MOEX)-listed exchange-traded fund (ETF) that provides direct exposure to leading Chinese equities. It offers retail investors simple, liquid access to China’s rapidly growing economy — without requiring qualified investor status.
Why Invest in China?
China has the world’s second-largest GDP, trailing only the United States. Its consistently expanding economy creates a favorable environment for long-term investment.
After every global crisis, China’s economy has rebounded strongly — steadily narrowing the gap with the U.S. According to analysts, China may overtake the U.S. as the world’s largest economy within the next 10–15 years. Investing early in this high-potential market presents a compelling opportunity.
The simplest way to gain exposure is through FXCN — an ETF holding shares of major Chinese companies.
FXCN ETF on MOEX
FXCN is an ETF issued by FinEx and traded on the Moscow Exchange. It tracks a basket of large-cap, financially sound Chinese companies with strong growth potential. The portfolio is heavily weighted toward the IT and financial sectors. It holds 197 issuers, including Alibaba Group (24.4%), JD.com (3.2%), and Tencent Holdings (18.3%).
In 2020, FXCN ranked second among MOEX-listed ETFs by ruble-denominated return. Its 5-year cumulative return stands at 105.2% in RUB and 72.8% in USD.
FXCN ETF trades in both RUB and USD. One share currently costs slightly over RUB 4,000.
The RUB-denominated share price moves directly with the USD/RUB exchange rate. If the ruble depreciates against the dollar, the RUB price of FXCN rises proportionally — while its USD price remains unchanged. This built-in currency diversification means returns depend primarily on underlying asset performance, not the investor’s choice of settlement currency.
Investors gain straightforward, hands-off access to China’s equity market. No qualified investor status is required. Dividends are automatically reinvested into the underlying index — eliminating the need for active portfolio management or rebalancing.
FAQ
What does FXCN ETF track?
FXCN tracks the Solactive China Large & Mid Cap Index, composed of 197 large- and mid-cap Chinese equities, primarily from IT and financial sectors.
Is FXCN suitable for non-qualified investors?
Yes — FXCN is accessible to all retail investors on MOEX; no qualified investor status is required.
How is FXCN priced in RUB vs USD?
FXCN trades in both currencies. Its RUB price fluctuates with USD/RUB; its USD price reflects only underlying index performance — enabling natural currency diversification.
