Expat has sought approval from the Financial Supervision Commission to launch four new exchange-traded funds
02.03.2017
On Feb 28, 2017, Expat Asset Management submitted to the Financial Supervision Commission documents for registration of four new exchange-traded index funds. Each fund will track the performance of one of the blue-chip indices of the Greek, Romanian, Czech and Polish bourses.
| Name of the Expat’s ETF | Index to track |
| EXPAT GREECE ASE UCITS ETF | ASE on the Athens Stock Exchange |
| EXPAT ROMANIA BET-BK UCITS ETF | BET-BK on the Bucharest Stock Exchange |
| EXPAT CZECH PX UCITS ETF | PX on the Prague Stock Exchange |
| EXPAT POLAND WIG20 UCITS ETF | WIG20 on the Warsaw Stock Exchange |
The four funds will be listed on the Bulgarian Stock Exchange – Sofia, and, consequently, on a large foreign market. Expat is expecting the four new funds to attract interest from both Bulgarian and foreign investors.
Expat Asset Management is the largest independent wealth management company in Bulgaria. Expat manages the exchange-traded fund which tracks the performance of the SOFIX Index on the BSE – Sofia. In Sept 2016, Expat Bulgaria SOFIX UCITS ETF was listed on the4 BSE. In Feb 2017, the fund was approved by the Financial Conduct Authority (FCA) for trade in the UK, the next step is the technical procedure of listing of the fund for trading on the London Stock Exchange.