One million shares of Expat Bulgaria SOFIX UCITS ETF (BGX) in circulation only three days after its launch

29.09.2016

One million shares of the exchange-traded fund Expat Bulgaria SOFIX UCITS ETF (BGX) are in circulation only three days after its launch on the stock exchange. The assets of the fund have reached over BGN 1 million.

Expat Bulgaria SOFIX UCITS ETF is the first exchange traded fund in Bulgaria and it follows the performance of the stock index SOFIX. The ETF is one of the very few financial instruments of this type in Central and Eastern Europe. The trading of the shares of the Fund started on September 27. Only three days after its launch, the turnover of the Fund’s shares equals BGN 556 198 and the orders for purchase of share on the primary market reached 530 000 units. The closing price of 1 share is 1.069 BGN/share on September 29.