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Croatia’s ICAM to launch Romanian blue-chip ETF

Nov 28, 2023, 4:31:29 PMArticle by Annie Tsoneva
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November 28 (SeeNews) - Croatia’s Intercapital Asset Management (ICAM) said it plans to launch an exchange-traded fund (ETF) on the Bucharest stock exchange in the first quarter of next year that will track the performance of 20 Romanian blue-chip companies.

Croatia’s ICAM to launch Romanian blue-chip ETF
ICAM. Source: ICAM

The fund, to be called InterCapital BET TRN UCITS ETF, will track the BET-TRN index, which includes companies like Banca Transilvania, Hidroelectrica, OMV Petrom and Romgaz, ICAM said in a filing to the Zagreb bourse.

ICAM has designated Romanian brokerage house Investimental as the market maker for the BET TRN UCITS ETF.

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