BaFin registered Expat Bulgaria SOFIX UCITS ETF for trade in Germany

24.10.2017

On Oct 18, 2017, Expat Bulgaria SOFIX UCITS ETF has obtained registration from Germany's Federal Financial Supervisory Authority (BaFin) for public offering of its units on the German market. This is one of the necessary steps towards the listing of the financial instrument on the Frankfurt Stock Exchange. At the same time, Expat continues the efforts for listing the ETF for trading on the London Stock Exchange.

Expat Bulgaria SOFIX UCITS ETF is the exchange-traded fund which tracks the performance of the SOFIX Index. The fund is compliant with the UCITS directive of the European Union. It is created and managed by Expat Asset Management and is traded on the Bulgarian Stock Exchange – Sofia with a ticker BGX.

Expat Asset Management is currently in the process of registering in Bulgaria another ten exchange-traded funds (ETFs). Each fund will track the performance of one of the blue-chip indices of the Greek, Romanian, Czech, Polish, Hungarian, Slovak, Slovenian, Croatian, Serbian and Macedonian stock exchanges.