A foreign institutional investor made an order for issuance of 1 mln units of Expat Bulgaria SOFIX UCITS ETF

20.02.2017

Expat Bulgaria SOFIX UCITS ETF received an order on the primary market from a foreign institutional investor for issuance of 1 mln units of the fund. Thus, the ETF will reach over BGN 27 mln net asset value.

The fund’s management company is in talks with other foreign investors to participate in this project. The upcoming listing of the ETF on the London Stock Exchange will contribute to the intensification of these processes.

Expat Bulgaria SOFIX UCITS ETF is the only exchange traded fund in Bulgaria and it follows the performance of the major BSE stock index SOFIX. The ETF is one of the very few financial instruments of this type in Central and Eastern Europe. It is traded on the Bulgarian Stock Exchange – Sofia with a ticker BGX. The ETF is compliant with the UCITS directive of the European Union. Expat Bulgaria SOFIX UCITS ETF is created and managed by Expat Asset Management.