Expat Bulgaria Short SOFIX
Risk profile: High-risk
Investment focus: Inverse tracking of the SOFIX Index on the Bulgarian Stock Exchange
Minimum investment: None
Expat Bulgaria Short SOFIX is an open-ended national mutual fund which tracks the inverse performance of the SOFIX index, using the direct physical replication method. The Fund has submitted a request for admission to trading on the Bulgarian Stock Exchange.
Expat Bulgaria Short SOFIX maintains short positions on the constituents of the SOFIX index in proportions closely matching those of the index and within the legal limitations and the restrictions laid down in the Rules. The SOFIX index is the main index of the Bulgarian Stock Exchange and consists of the 15 most liquid companies on BSE. The return of the fund follows inversely that of the index – i.e. if the Bulgarian market goes down, the market value of the fund shares would increase proportionally and vice versa.
The fund does not pay dividend. The profit is reinvested, and this increases the net asset value of the fund to the benefit of investors.
Institutional investors have access to the primary market. “Institutional investors” shall be considered all market participants complying with the definition of “eligible counterpartу“ within the meaning of MFIA.
Expat Bulgaria Short SOFIX was licensed by the Financial Supervision Commission on October 16, 2019.
- Diversification. Investors gain exposure to the inverse performance of the 15 most liquid stocks on BSE.
- Hedging. Suitable for hedging long positions on the SOFIX Index.
- Investing in market downturn. Suitable for investment when the value of the SOFIX Index is expected to fall.
- Range trading. Suitable for range trading strategies.
PRIMARY MARKET INFORMATION:
|Summary as of 21.01.2021|
|Net asset value per share||BGN 1.0837|
|Net asset value||BGN 130 038.10|
|Number of outstanding shares||120 000|
|The price for issuing or redemption of shares on the primamry market is equal to the NAV per share, calculated at the end of the day of the order, plus an issuance/redemption fee indicated in the prospectus or in a contract signed between the investor and the management company. The standard fee for orders on the primary market is 2% of the order amount.|
|Number of shares as of 21.01.2021|
|Number of shares already issued||120 000|
|New shares ordered for issuance in settlement||0|
|Shares ordered for redemption||0|
|Total number of shares||120 000|
|Orders on the primary market submitted by 3 p.m. on 21.01.2021|
|Orders for purchase of shares (number of shares)||0|
|Orders for redemption of shares (number of shares)||0|