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Bulgarian Expat's SOFIX-based ETF receives orders to issue 410,000 shares

Author Mario Tanev
Bulgarian Expat's SOFIX-based ETF receives orders to issue 410,000 shares Author: Expat Asset Management / All rights reserved.

SOFIA (Bulgaria), September 18 (SeeNews) - Sofia-based Expat Asset Management said on Wednesday that its Expat Bulgaria SOFIX UCITS ETF [BUL:BGX] has received orders for the issuance of 410,000 shares, most of which from new foreign investors.

Following the completion of the transactions the exchange-traded fund (ETF) will have a total of 25.37 million issued shares, Expat Asset Management said in a statement.

As at 13:05 CET on Wednesday, Expat Bulgaria SOFIX UCITS ETF shares traded 1.0% lower at 0.99 levs ($0.56/0.51 euro) on the Bulgarian Stock Exchange (BSE). The ETF is also listed in London and Frankfurt.

Expat Bulgaria SOFIX UCITS ETF is the first ETF in Bulgaria. It tracks the performance of the blue-chip SOFIX index of the BSE.

Expat Asset Management, a unit of Bulgaria's Expat Capital, operates 11 ETFs tracking the performance of stock indices from the CEE region.

(1 euro = 1.95583 levs)

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