Risk profile: High-risk
Investment focus: Passive tracking of the gold price
Minimum investment: None
Expat Gold is a national exchange-traded open-ended fund that passively tracks the price of gold. It is suitable for investors seeking an easy access to financial instruments which track the movement of the price of gold in order to diversify or hedge their investment portfolio.
Expat Gold will passively track the price of gold by seeking to replicate as closely as possible the return of LME PM Price Reference – Gold, published by its benchmark administrator London Metal Exchange (https://www.lme.com/Metals/Precious-metals/LME-Gold#tabIndex=1).
The fund was recognized by the Bulgarian Financial Supervision Commission on Dec 10, 2020. After raising initial capital on the primary market from eligible investors, the fund is expected to be listed for trading on the Bulgarian Stock Exchange in early 2021 where individual non-professional investors will be able to trade it.
- Low investment threshold. Expat Gold will be traded on the Bulgarian Stock Exchange at a minimum volume of one share, which makes it accessible to both big institutional investors and small individual investors.
- Liquidity. For individual investors, the fund will be traded on the Bulgarian Stock Exchange where market-makers will maintain quotations and will guarantee the ability to buy and sell shares at any moment. The primary market for purchase and redemption of shares is also open every day to larger qualified investors.
- Lower transaction costs. In the most common case, the Bulgarian investors could get lower costs from trading this instrument on the BSE in comparison with the transaction costs for buying and safekeeping other foreign gold funds, to which they have access.
- No capital gains tax. Capital gains (profits) from instruments traded on the Bulgarian Stock Exchange are exempt from taxation in Bulgaria.
Expat Gold has a high-risk profile, classified under the 6th (out of the 7) category of the risk indicator providing that commodities and precious metals are highly volatile and their value could sharply rise or fall.
Eligible investors can buy and sell their shares directly from and to Expat Gold in the primary market, while all investors can trade the ETF's shares on the stock exchange (the secondary market).
|Summary as of 18.01.2021|
|Net asset value per share||EUR 0.9984|
|Net asset value||EUR 59 901.88|
|Number of outstanding shares||60 000|
|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 15.01.2021|
|Number of shares already issued||60 000|
|New shares ordered for issuance in settlement||0|
|Shares ordered for redemption||0|
|Total number of shares||60 000|
|Orders on the primary market submitted by 3 p.m. on 15.01.2021|
|Orders for purchase of shares (number of shares)||0|
|Orders for redemption of shares (number of shares)||0|