Expat’s exchange traded funds get access to a fourth European stock exchange
07.04.2021
On April 8, the ETFs following stock indices from Bulgaria, Slovenia, Croatia, Serbia, and North Macedonia start trading in Ljubljana
8 April 2021 will be the first trading day on the Ljubljana Stock Exchange (Ljubljanska Borza) for 5 of the exchange traded funds managed by Expat Asset Management. The funds passively track the performance of major equity indices in Bulgaria, Slovenia, Croatia, Serbia, and North Macedonia.
| COUNTRY | FUND NAME | TICKER | INDEX |
| Bulgaria | Expat Bulgaria SOFIX UCITS ETF | BGX | SOFIX |
| Slovenia | Expat Slovenia SBI TOP UCITS ETF | SLQX | SBI TOP |
| Croatia | Expat Croatia CROBEX UCITS ETF | ECDC | CROBEX |
| Serbia | Expat Serbia BELEX15 UCITS ETF | ESNB | BELEX15 |
| North Macedonia | Expat Macedonia MBI10 UCITS ETF | MKK1 | MBI10 |
The five funds are a part of Expat’s family of 11 passive ETFs. They are unique market propositions providing liquid and diversified country-specific exposure in the CEE region to international investors. The funds passively follow the performance of the main equity indices from Poland, Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Serbia, North Macedonia, Romania, Bulgaria, Greece.
The Ljubljana Stock Exchange is the fourth exchange on which the Expat’s funds are traded. This step is part of the company's mission to connect the Bulgarian capital market with major international and European stock exchanges.
All the 11 funds are listed on the Bulgarian Stock Exchange and on the Frankfurt Stock Exchange (XETRA). Expat Bulgaria SOFIX UCITS ETF is also traded on the London Stock Exchange. Expat has chosen those 5 funds for Ljubljana as they have attracted the most interest from Slovenian and Croatian investors. The mid-term plan is to list the rest of the ETFs on the Ljubljana Stock Exchange as well, and to expand the map of the regional stock exchanges in Central Europe where Expat’s instruments will be registered for trading.
Expat’s ETFs are designed to provide international investors diversified and liquid exposure to the countries in the CEE region. The trading 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 the 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.
MORE INFORMATION FOR INDIVIDUAL INVESTORS HERE
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
Advantages of Investing in Expat’s ETFs:
- Easy and convenient macro play. Investors buy all the companies from the index. There is no need to devote time and resources to analyze, pick and follow individual stocks.
- Diversification. Exposure to the largest and most liquid stocks on the relevant CEE stock exchange. Diversification lowers the volatility of the investment.
- Superior liquidity. The market makers maintain buy/sell quotes and ensure that the shares can be traded at any time. The access of trading on several stock exchanges additionally increases the liquidity.
- Low transaction costs. It is cheaper to invest in one instrument rather than in shares of multiple companies.
- European regulations. The Expat’s ETFs are fully compliant with the UCITS Directive of the European Union.
- Transparency. The ETFs portfolios are published and updated daily on Expat’s website: www.expat.bg.
RISK DISCLOSURE
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