Bulgaria's Expat Asset Management to launch six ETF tracking CEE blue-chip indexes

Each of funds will track the performance of one of the blue-chip indexes of the Hungarian, Slovak, Slovenian, Croatian, Serbian and Macedonian stock exchanges, Expat Asset Management said in a statement.

At the end of March, Expat Asset Management filed for approval from the Financial Supervision Commission to launch four other ETFs, each of which will track the performance of one of the blue-chip indexes of the Greek, Romanian, Czech and Polish bourses.

All ten ETFs will be listed on the Bulgarian Stock Exchange and, subsequently, on foreign stock exchanges, the statement reads.

In August 2016, Expat Asset Management launched the first ETF on the Bulgarian bourse.

Expat Bulgaria SOFIX UCITS ETF [BUL:BGX] tracks the performance of the blue-chip SOFIX index of the Bulgarian Stock Exchange (BSE), by adhering to the method of full physical replication of the index.

As at 1630 CET on Wednesday, Expat Bulgaria shares traded 0.56% lower at 1.245 levs ($0.75/0.64 euro).

(1 euro = 1.95583 levs)