Expat launches four single-country ETFs on Bulgaria Stock Exchange

Jan 3rd, 2018 | By | Category: Equities

Expat Asset Management has launched four new single-country ETFs on the Bulgarian Stock Exchange (BSE).

Bulgaria Expat Asset Management

Bulgarian asset manager Expat Capital has unveiled ETFs offering exposure to Poland, Czech Republic, Romania and Greece.

The ETFs provide exposure to the equity markets of Poland, the Czech Republic, Romania, and Greece

The Expat Poland WIG20 UCITS ETF tracks the performance of the WIG20 Index, the foremost index of the Warsaw Stock Exchange. It consists of 20 companies.

The Expat Czech PX UCITS ETF tracks the performance of the PX Index, the main index of the Prague Stock Exchange. It consists of 13 companies.

The Expat Romania BET-BK UCITS ETF tracks the performance of the BET-BK Index. This is the main index of the Bucharest Stock Exchange and consists of 25 companies.

The Expat Greece ASE UCITS ETF tracks the performance of the ASE Index (ATHEX Composite). This is the main index of the Athens Stock Exchange and consists of 60 companies.

The ETFs are all implemented via a direct physical replication method and are accumulating funds, with dividends reinvested.

Expat is in the process of seeking regulatory approval for an additional six funds tracking various countries in the CEE region – namely Croatia, Serbia, Slovenia, Slovakia, Hungary and Macedonia. These will bring the family of Expat ETFs to 11 funds.

Once all the funds are listed on the Bulgarian Stock Exchange, the firm plans to cross-list them for trading on the Deutsche Börse and the London Stock Exchange.

Expat Capital can be credited with launching the first ETF on BSE, the Expat Bulgaria SOFIX UCITS ETF (BGX BU), which tracks the performance of the BSE’s blue-chip SOFIX Index.

This ETF began trading in August 2016 and has annual operating expenses of 1.38%.

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