Only a month after its launch, the ETF following the performance of SOFIX Index is a leader in terms of liquidity on BSE – Sofia

27.10.2016

Only a month after its launch, the ITF following the performance of SOFIX Index is a leader in terms of liquidity among the free-float deals on the Bulgarian Stock Exchange: turnover has reached BGN 1.5 million since September, 27. In addition to the shares of the fund traded on the stock exchange, the management team of the ETF has executed transactions on the BSE through purchases of over BGN 2 million of shares of companies from the SOFIX index for its portfolio. As a result, the impact the ETF has on the liquidity of the stock exchange equals to over BGN 3.5 million.

The assets of Expat Bulgaria SOFIX UCITS ETF are equal to more than EUR 1 million with new orders made on the primary market every day. The expectations of the Fund’s managing company – Expat Asset Management – for the upcoming months include further purchase orders by both home and foreign institutional investors which will result in multiplying the assets of the ETF.