February 5 (SeeNews) - Bulgaria's financial regulator said it has asked Expat Asset Management to correct the risk management and assessment rules of its Expat Greece ASE UCITS ETF [BUL:GRX], which were recently changed by the company.
The Financial Supervision Commission has also asked the asset management company to correct documents of Expat Greece ASE UCITS ETF and Expat Czech PX UCITS ETF [BUL:CZX] related to the investment strategy of the two ETFs, the regulator said in a statement on Friday.
Expat Greece ASE UCITS ETF and Expat Czech PX UCITS ETF started trading on the Bulgarian Stock Exchange last month. Expat Greece ASE UCITS ETF tracks the blue-chip index of the Athens Stock Exchange, while Expat Czech PX UCITS ETF tracks the main index of the Prague Stock Exchange.
Expat Asset Management currently operates three more ETFs listed on the Sofia bourse - Expat Bulgaria SOFIX UCITS ETF [BUL:BGX], Expat Romania BET-BK UCITS ETF [BUL:ROX] and Expat Poland WIG20 UCITS ETF [BUL:PLX].
Expat Asset Management is a unit of Bulgaria's Expat Capital.
(1 euro = 1.95583 levs)