Expat ETFs for Bulgaria, Slovenia, Croatia, Serbia and Macedonia received approval for trade in Slovenia

05.08.2020

Upcoming listing of the Ljubljana Stock Exchange to be expected

Five of the exchange-traded funds managed by Expat Asset Management received approval from the Securities Market Agency in Slovenia. This is a required step towards the listing of the 5 ETFs for trading on the Ljubljana Stock Exchange (Ljubljanska Borza).

COUNTRY FUND NAME INDEX
Bulgaria Expat Bulgaria SOFIX UCITS ETF SOFIX
Slovenia Expat Slovenia SBI TOP UCITS ETF SBI TOP
Croatia Expat Croatia CROBEX UCITS ETF CROBEX
Serbia Expat Serbia BELEX15 UCITS ETF BELEX15
Northern Macedonia Expat Macedonia MBI10 UCITS ETF MBI10

The five funds are a part of Expat’s family of 11 passive ETFs. They are unique market propositions providing country-specific exposure in the CEE region to international investors. The funds passively follow the movements of major equity indices from Poland, Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Serbia, Northern Macedonia, Romania, Bulgaria, Greece.

The Ljubljana stock exchange will be the fourth one on which Expat will set foot. All the 11 ETFs are traded on the Bulgarian Stock Exchange, and on the Frankfurt Stock Exchange, while Expat Bulgaria SOFIX UCITS ETF is listed on the London Stock Exchange as well.

Expat has chosen those 5 funds for Ljubljana as they have attracted the most interest from Slovenian and Croatian investors. In the mid-term, we are planning to register the rest of the ETFs on the Ljubljana Stock Exchange, as well as to expand the map of the regional stock exchanges in Central Europe, where Expat’s instruments will be listed.

Expat’s ETFs are designed to be major highways for capital flows to and from the equity markets of the CEE countries and to provide international investors diversified and liquid exposure to the countries in this region. They are projected to be a pipeline for capital flows to and from the stock markets of the CEE region. The trade of these ETFs on several European stock exchanges, including the financial centres of London and Frankfurt, ensures that international investors have an easy and cost-effective way to control their exposure to specific countries in the region, overcoming deficiencies such as lack of liquidity, lack of access, cross-border settlement issues, high execution costs, large spreads, and other technical factors typical for many of these markets.

 

Expat’s ETFs have the following characteristics:

  • UCITS-compliant
  • passive equity index trackers
  • open-ended, providing daily liquidity
  • using direct physical replication
  • reinvesting dividends; not distributing any dividends

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This document has an informative purpose and under no circumstances should any part of it be construed as an offering or solicitation for a trade or investment in financial investments and/or professional advice connected with investment decisions. Past performance is no guarantee of future performance, and the value of investments can go down as well as up, leading to a significant loss of funds as a result. The profit is not guaranteed, and investors bear the risk that they may not receive the full amount of the invested funds. The investments in an exchange traded fund are not insured by a guarantee fund or in any other way. Shares purchased on the secondary market may not, as a general rule, be redeemed by the fund if the investors do not qualify for participation in a primary market. Investors must buy and sell the units on the secondary market with the assistance of an investment firm where additional fees may apply. Furthermore, investors may pay more than the current net asset value when buying units on secondary markets and get less than the current net asset value when selling the units. The full package of documents and information for each fund (incl. prospectus, key investors information, fund’s rules, NAV, iNAV, etc.) are published on www.expat.bg in Bulgarian and English. One may also obtain those documents at Expat’s office (Sofia, 96A G. S. Rakovski Str.) every working day from 9 a.m. to 6 p.m. The iNAV of each fund is published on www.boerse-frankfurt.de.

The information included in this document is prepared on the basis of sources which are considered reliable. All the necessary measures are taken to guarantee the precision of the content, but under no circumstances Expat Capital or Expat Asset Management should carry any responsibilities for this content and assume no compensation to the recipients or third parties as far as the precision, completeness and/or the propriety of the information.

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SOFIX is developed, calculated and published by the Bulgarian Stock Exchange – Sofia. The SOFIX Index is a registered trademark of the Bulgarian Stock Exchange. 

The SBI TOP Index is a securities index calculated and published by the Ljubljana Stock Exchange. The name of the index is protected for the Ljubljana Stock Exchange as a trademark. A non-exclusive authorization to use the trademark in conjunction with “Expat Slovenia SBI TOP UCITS ETF” is granted upon the conclusion of a license agreement with the Vienna Stock Exchange.

CROBEX is developed, calculated, and published by the Zagreb Stock Exchange. The CROBEX Index is a registered trademark of the Zagreb Stock Exchange.

The BELEX15 Index is a securities index calculated and published by the Belgrade Stock Exchange (BELEX). The name of the index (BELEX15) is protected for the Belgrade Stock Exchange as a trademark. A non-exclusive authorization to use the trademark has been granted upon the conclusion of a license agreement with the Belgrade Stock Exchange (BELEX).

MBI10 is developed, calculated, and published by the Macedonian Stock Exchange. The MBI10 Index is a registered trademark of the Macedonian Stock Exchange